UBS Group AG Acquires 21,580 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

UBS Group AG increased its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 79.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,707 shares of the bank’s stock after purchasing an additional 21,580 shares during the quarter. UBS Group AG’s holdings in Grupo Cibest were worth $3,098,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in Grupo Cibest in the fourth quarter valued at $31,000. TD Waterhouse Canada Inc. acquired a new position in Grupo Cibest in the fourth quarter valued at $43,000. Tower Research Capital LLC TRC lifted its holdings in Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after buying an additional 868 shares during the period. GAMMA Investing LLC lifted its holdings in Grupo Cibest by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after buying an additional 376 shares during the period. Finally, Grove Bank & Trust acquired a new position in Grupo Cibest in the fourth quarter valued at $97,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. UBS Group boosted their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Itau BBA Securities upgraded shares of Grupo Cibest to a “market perform” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Grupo Cibest currently has an average rating of “Reduce” and an average price target of $67.00.

Grupo Cibest Price Performance

Shares of NYSE CIB opened at $65.86 on Tuesday. The firm’s 50-day moving average price is $69.70 and its 200-day moving average price is $69.47. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $40.28 and a 1-year high of $86.31. The firm has a market capitalization of $15.84 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.95 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.62 earnings per share for the current fiscal year.

Grupo Cibest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. The ex-dividend date was Tuesday, March 31st. This represents a $4.87 annualized dividend and a dividend yield of 7.4%. Grupo Cibest’s dividend payout ratio is currently 136.11%.

Grupo Cibest Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.