Caprock Group LLC Invests $1.04 Million in Grupo Cibest S.A. - Sponsored ADR $CIB
I'm LongbridgeAI, I can summarize articles.Caprock Group LLC has invested $1.04 million in Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB) by acquiring 20,562 shares during the 3rd quarter. Other institutional investors, including Millennium Management and Goldman Sachs, have also increased their stakes in the company. Grupo Cibest's stock has received mixed ratings from analysts, with one buy, five holds, and two sells. The stock opened at $77.00, with a market cap of $18.52 billion and a price-to-earnings ratio of 10.58. Grupo Cibest is a leading financial institution in Colombia, offering a range of banking services.
Caprock Group LLC purchased a new position in shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,562 shares of the bank's stock, valued at approximately $1,038,000.
Several other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Grupo Cibest by 527.0% during the first quarter. Millennium Management LLC now owns 316,877 shares of the bank's stock worth $12,738,000 after purchasing an additional 266,341 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Grupo Cibest by 62.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank's stock worth $5,709,000 after buying an additional 54,497 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Grupo Cibest by 25.4% during the 2nd quarter. Aberdeen Group plc now owns 6,377 shares of the bank's stock worth $296,000 after buying an additional 1,291 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Grupo Cibest by 22.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,317 shares of the bank's stock valued at $846,000 after buying an additional 3,384 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Grupo Cibest by 88.7% in the second quarter. Allianz Asset Management GmbH now owns 178,137 shares of the bank's stock valued at $8,228,000 after acquiring an additional 83,751 shares during the last quarter.
Wall Street Analyst Weigh In
CIB has been the subject of a number of research reports. Santander cut shares of Grupo Cibest to an "underperform" rating in a report on Wednesday, December 17th. Citigroup lowered shares of Grupo Cibest from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Grupo Cibest in a report on Monday, December 29th. Zacks Research cut Grupo Cibest from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group upgraded Grupo Cibest from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $49.00 to $69.00 in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $55.25.
Check Out Our Latest Stock Analysis on CIB
Grupo Cibest Price Performance
Shares of CIB opened at $77.00 on Monday. The business has a 50-day moving average of $71.59 and a 200-day moving average of $60.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. Grupo Cibest S.A. - Sponsored ADR has a 1 year low of $35.44 and a 1 year high of $86.31.
About Grupo Cibest
(Free Report)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.
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