Grantham Mayo Van Otterloo & Co. LLC Raises Stock Position in Grupo Cibest S.A. - Sponsored ADR $CIB

Key Points

• Grantham Mayo Van Otterloo & Co. LLC increased its stake in Grupo Cibest (NYSE:CIB) by 231.3% in Q3, adding 149,212 shares to hold 213,717 shares valued at about $11.1 million.
• Other institutional moves include Millennium Management boosting its stake by 527.0% and Goldman Sachs increasing its holding by 62.3%, signaling heightened institutional trading activity in the stock.
• Analysts are mixed: MarketBeat reports a consensus rating of "Reduce" with a target of $59.20, while CIB trades around $67.57 and has a 52‑week range of $35.44–$86.31.

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 231.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,717 shares of the bank's stock after acquiring an additional 149,212 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.09% of Grupo Cibest worth $11,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Grupo Cibest by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank's stock valued at $5,709,000 after buying an additional 54,497 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Grupo Cibest by 10.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,129 shares of the bank's stock valued at $9,013,000 after buying an additional 18,848 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Grupo Cibest during the 2nd quarter worth approximately $939,000. Finally, Acadian Asset Management LLC acquired a new position in Grupo Cibest during the 2nd quarter worth approximately $2,333,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Grupo Cibest in a research report on Monday, December 29th. Santander downgraded shares of Grupo Cibest to an "underperform" rating in a research note on Wednesday, December 17th. Citigroup lowered shares of Grupo Cibest from a "buy" rating to a "neutral" rating in a report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, November 21st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $59.20.

Grupo Cibest Price Performance

CIB opened at $67.57 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $74.43 and its 200 day moving average price is $63.32. Grupo Cibest S.A. - Sponsored ADR has a fifty-two week low of $35.44 and a fifty-two week high of $86.31. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83.

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.

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