Truffle Hound Capital LLC Sells 10,000 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Truffle Hound Capital LLC reduced its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the bank’s stock after selling 10,000 shares during the quarter. Grupo Cibest comprises 3.0% of Truffle Hound Capital LLC’s portfolio, making the stock its 3rd biggest position. Truffle Hound Capital LLC owned 0.10% of Grupo Cibest worth $11,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after acquiring an additional 471 shares during the last quarter. SVB Wealth LLC acquired a new stake in Grupo Cibest in the first quarter worth $45,000. Aberdeen Group plc bought a new position in shares of Grupo Cibest during the first quarter worth $201,000. Malaga Cove Capital LLC acquired a new position in shares of Grupo Cibest in the 1st quarter valued at $209,000. Finally, R Squared Ltd bought a new stake in shares of Grupo Cibest in the 2nd quarter valued at $275,000.

Grupo Cibest Stock Down 0.3%

Shares of Grupo Cibest stock opened at $62.78 on Tuesday. The firm has a market cap of $15.09 billion, a PE ratio of 9.53, a P/E/G ratio of 1.13 and a beta of 0.95. The business’s 50 day simple moving average is $55.51 and its 200 day simple moving average is $48.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $31.19 and a 52-week high of $65.00.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. Bank of America reissued an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grupo Cibest in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Grupo Cibest presently has an average rating of “Hold” and a consensus target price of $43.75.

Grupo Cibest Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.