Zacks Investment Research Lowers Grupo Aval Acciones y Valores S.A. (AVAL) to Sell

Zacks Investment Research lowered shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) from a hold rating to a sell rating in a research note published on Thursday.

According to Zacks, “Grupo Aval Acciones y Valores S.A. is a financial services group. It provides a comprehensive range of financial services and products ranging from traditional banking services, such as making loans and taking deposits, to pension and severance fund management. The company also provides general purpose loans, foreign exchange services, documentation services, guarantees, auto financing, payroll loans, and credit cards, as well as various deposit and basic treasury products. It provides fiduciary services; merchandise storage and deposit, customs agency, cargo management, and merchandise distribution; brokerage services, fund management, portfolio management, securities management, and capital markets consulting services; and investment banking, treasury, and private banking services. Grupo Aval Acciones Y Valores S.A. is based in Bogotá, Colombia. “

Several other research firms also recently weighed in on AVAL. BidaskClub raised Grupo Aval Acciones y Valores from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. ValuEngine downgraded Grupo Aval Acciones y Valores from a buy rating to a hold rating in a research report on Wednesday, September 6th. Finally, Citigroup Inc. raised Grupo Aval Acciones y Valores from a neutral rating to a buy rating in a research report on Wednesday, June 28th.

Grupo Aval Acciones y Valores (NYSE:AVAL) opened at 9.03 on Thursday. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 14.56 and a beta of 0.55. The firm’s 50-day moving average price is $9.01 and its 200-day moving average price is $8.51. Grupo Aval Acciones y Valores has a 1-year low of $7.18 and a 1-year high of $9.38.

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The firm also recently disclosed a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be given a $0.034 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 4.46%. This is an increase from Grupo Aval Acciones y Valores’s previous None dividend of $0.03. Grupo Aval Acciones y Valores’s payout ratio is currently 66.15%.

Several large investors have recently made changes to their positions in AVAL. Schroder Investment Management Group purchased a new stake in shares of Grupo Aval Acciones y Valores in the second quarter valued at $7,471,000. Renaissance Technologies LLC boosted its holdings in Grupo Aval Acciones y Valores by 64.6% in the first quarter. Renaissance Technologies LLC now owns 688,700 shares of the bank’s stock valued at $5,627,000 after acquiring an additional 270,394 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Grupo Aval Acciones y Valores by 12.1% in the second quarter. Vanguard Group Inc. now owns 1,620,356 shares of the bank’s stock valued at $13,417,000 after acquiring an additional 175,077 shares during the last quarter. Karp Capital Management Corp acquired a new position in Grupo Aval Acciones y Valores in the first quarter valued at $1,291,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Grupo Aval Acciones y Valores by 66.7% in the second quarter. Parametric Portfolio Associates LLC now owns 382,225 shares of the bank’s stock valued at $3,165,000 after acquiring an additional 152,957 shares during the last quarter. 21.96% of the stock is owned by institutional investors and hedge funds.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal representation services.The Company owns such subsidiaries as Banco de Bogota SA, Banco Popular SA, among others.

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