Zacks Investment Research Upgrades Grupo Aval Acciones y Valores (NYSE:AVAL) to Hold

Grupo Aval Acciones y Valores (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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. “

NYSE:AVAL traded down $0.05 during trading hours on Tuesday, hitting $6.55. 701 shares of the company were exchanged, compared to its average volume of 71,161. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.23 and a beta of 1.39. Grupo Aval Acciones y Valores has a 52-week low of $3.32 and a 52-week high of $8.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day moving average price is $6.67 and its 200-day moving average price is $5.59.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its earnings results on Monday, November 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. The company had revenue of $1.55 billion for the quarter. Grupo Aval Acciones y Valores had a net margin of 9.11% and a return on equity of 7.12%. On average, equities analysts predict that Grupo Aval Acciones y Valores will post 0.47 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its stake in Grupo Aval Acciones y Valores by 18.9% during the 4th quarter. Northern Trust Corp now owns 498,388 shares of the bank’s stock valued at $3,429,000 after acquiring an additional 79,270 shares during the period. JustInvest LLC lifted its stake in Grupo Aval Acciones y Valores by 33.8% during the 4th quarter. JustInvest LLC now owns 66,090 shares of the bank’s stock valued at $455,000 after acquiring an additional 16,713 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Grupo Aval Acciones y Valores during the 4th quarter valued at approximately $181,000. Institutional investors and hedge funds own 3.71% of the company’s stock.

Grupo Aval Acciones y Valores 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 offers deposit products and services, such as checking and savings accounts, and time deposits, as well as other deposits, including deposits from correspondent banks, cashier checks, and collection services.

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