PensionDanmark Pensionsforsikringsaktieselskab Buys 7,200 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 11.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 69,000 shares of the bank’s stock after buying an additional 7,200 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Grupo Cibest were worth $5,481,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Grupo Cibest by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,089,670 shares of the bank’s stock worth $196,534,000 after purchasing an additional 67,986 shares during the period. Fundamenta Capital S.A. purchased a new stake in shares of Grupo Cibest in the 4th quarter valued at about $1,908,000. ABN Amro Investment Solutions boosted its position in shares of Grupo Cibest by 110.7% during the 4th quarter. ABN Amro Investment Solutions now owns 182,945 shares of the bank’s stock valued at $11,637,000 after acquiring an additional 96,109 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in shares of Grupo Cibest by 32.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 139,897 shares of the bank’s stock valued at $8,899,000 after acquiring an additional 34,280 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Grupo Cibest by 46,580.9% during the first quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock worth $6,934,000 after purchasing an additional 95,025 shares in the last quarter.

Grupo Cibest Stock Performance

NYSE CIB opened at $88.75 on Friday. The company has a 50-day simple moving average of $81.57 and a two-hundred day simple moving average of $75.58. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $46.31 and a 12-month high of $94.21. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.01 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Grupo Cibest Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Tuesday, June 30th were issued a $1.304 dividend. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $5.22 dividend on an annualized basis and a yield of 5.9%. Grupo Cibest’s payout ratio is 147.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CIB shares. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “neutral” rating to a “buy” rating and lifted their target price for the company from $81.00 to $98.00 in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Cibest in a report on Tuesday, July 21st. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. UBS Group raised their price target on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $76.60.

About Grupo Cibest

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.