Grupo Cibest S.A. - Sponsored ADR $CIB Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco trimmed its stake: Robeco Institutional Asset Management B.V. reduced its holding in Grupo Cibest by 11.4% in Q4, selling 66,082 shares and leaving it with 511,101 shares (about 0.21%), valued at roughly $32.5 million; other firms made only small new or increased positions.
• High dividend but stretched payout: Grupo Cibest paid a quarterly dividend of $1.2182 (annualized $4.87) for a 6.3% yield, but the dividend payout ratio is an elevated 133.88%, which may raise sustainability concerns.
• Negative analyst sentiment and valuation: The consensus rating is "Reduce" with a $59.20 price target, amid several downgrades, while the stock trades around $77.18 and the company has a market cap of about $18.6 billion.

Robeco Institutional Asset Management B.V. cut its stake in Grupo Cibest S.A. - Sponsored ADR (NYSE:CIB - Free Report) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 511,101 shares of the bank's stock after selling 66,082 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Grupo Cibest worth $32,511,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Grupo Cibest in the fourth quarter valued at approximately $31,000. 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 acquiring 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 acquiring an additional 376 shares during the period. Grove Bank & Trust acquired a new position in shares of Grupo Cibest during the 4th quarter worth approximately $97,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Grupo Cibest during the 3rd quarter worth approximately $104,000.

Grupo Cibest Stock Up 3.5%

NYSE CIB opened at $77.18 on Tuesday. The business has a fifty day moving average price of $72.82 and a 200 day moving average price of $66.77. Grupo Cibest S.A. - Sponsored ADR has a one year low of $37.72 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $18.56 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.28 and a beta of 0.80.

Grupo Cibest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were paid a $1.2182 dividend. This represents a $4.87 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest's dividend payout ratio is currently 133.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Itau BBA Securities downgraded Grupo Cibest from a "market perform" rating to an "underperform" rating and set a $68.00 target price for the company. in a research note on Thursday, February 26th. Santander downgraded Grupo Cibest to an "underperform" rating in a research note on Wednesday, December 17th. The Goldman Sachs Group upped their target price on Grupo Cibest from $69.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Weiss Ratings downgraded Grupo Cibest from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Finally, Citigroup downgraded Grupo Cibest from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $59.20.

Grupo Cibest Company 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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