10,962 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. bought a new stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the third quarter, Holdings Channel.com reports. The fund bought 10,962 shares of the bank’s stock, valued at approximately $1,000,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after buying an additional 43,126 shares during the period. Amundi boosted its position in shares of Grupo Cibest by 26.7% in the first quarter. Amundi now owns 495,535 shares of the bank’s stock valued at $36,080,000 after acquiring an additional 104,280 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Grupo Cibest by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 434,635 shares of the bank’s stock valued at $31,599,000 after acquiring an additional 2,132 shares during the period. ABN Amro Investment Solutions boosted its position in shares of Grupo Cibest by 36.3% in the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock valued at $18,155,000 after acquiring an additional 66,400 shares during the period. Finally, Triasima Portfolio Management inc. increased its position in Grupo Cibest by 14.7% during the third quarter. Triasima Portfolio Management inc. now owns 141,201 shares of the bank’s stock worth $13,111,000 after acquiring an additional 18,050 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $110.00 target price on shares of Grupo Cibest in a research note on Wednesday, September 16th. The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Wall Street Zen upgraded shares of Grupo Cibest to a “buy” rating in a report on Saturday, October 17th. Finally, Royal Bank Of Canada set a $110.00 price objective on shares of Grupo Cibest in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.83.

Grupo Cibest Trading Down 0.9%

Shares of Grupo Cibest stock opened at $96.73 on Friday. The firm has a market capitalization of $22.95 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $97.44 and its two-hundred day moving average price is $84.33. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $54.83 and a 52-week high of $105.60.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings data on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.40 billion. On average, analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 10.87 EPS for the current year.

Grupo Cibest Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is currently 106.24%.

About Grupo Cibest

Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.

Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.