Comerica Bank lessened its holdings in GRUPO AVAL ACCI/S (NYSE:AVAL) by 6.9% in the first quarter, HoldingsChannel.com reports. The firm owned 19,028 shares of the bank’s stock after selling 1,408 shares during the period. Comerica Bank’s holdings in GRUPO AVAL ACCI/S were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC bought a new stake in shares of GRUPO AVAL ACCI/S in the 1st quarter valued at approximately $80,000. Quadrant Capital Group LLC grew its stake in shares of GRUPO AVAL ACCI/S by 122.6% in the 1st quarter. Quadrant Capital Group LLC now owns 14,049 shares of the bank’s stock valued at $108,000 after buying an additional 7,737 shares in the last quarter. Bailard Inc. grew its stake in shares of GRUPO AVAL ACCI/S by 71.0% in the 1st quarter. Bailard Inc. now owns 197,300 shares of the bank’s stock valued at $1,537,000 after buying an additional 81,904 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of GRUPO AVAL ACCI/S in the 1st quarter valued at approximately $101,000. Finally, Deltec Asset Management LLC bought a new stake in shares of GRUPO AVAL ACCI/S in the 1st quarter valued at approximately $140,000.
Several equities research analysts recently commented on AVAL shares. Zacks Investment Research raised GRUPO AVAL ACCI/S from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. ValuEngine raised GRUPO AVAL ACCI/S from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.
Shares of NYSE AVAL opened at $7.25 on Thursday. The company has a market capitalization of $2.57 billion, a P/E ratio of 8.31 and a beta of 0.87. GRUPO AVAL ACCI/S has a 52 week low of $5.59 and a 52 week high of $8.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.05 and a quick ratio of 1.05.
The company also recently declared a monthly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a $0.0318 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.38 annualized dividend and a dividend yield of 5.27%. GRUPO AVAL ACCI/S’s payout ratio is 45.00%.
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GRUPO AVAL ACCI/S Company Profile
Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.
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