JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Grupo Aval Acciones y Valores (NYSE:AVAL)

Grupo Aval Acciones y Valores (NYSE:AVAL)‘s stock had its “underweight” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the bank’s stock, down from their prior price objective of $5.50. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 6.02% from the stock’s previous close.

Separately, Weiss Ratings lowered Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $5.00.

Grupo Aval Acciones y Valores Stock Performance

Shares of NYSE:AVAL traded down $0.04 on Wednesday, reaching $5.32. 8,685 shares of the company’s stock were exchanged, compared to its average volume of 202,289. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 13.29 and a beta of 0.57. Grupo Aval Acciones y Valores has a fifty-two week low of $3.12 and a fifty-two week high of $6.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average is $5.21 and its two-hundred day moving average is $4.80.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its quarterly earnings results on Wednesday, August 12th. The bank reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Grupo Aval Acciones y Valores had a return on equity of 6.06% and a net margin of 5.08%.The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, equities research analysts forecast that Grupo Aval Acciones y Valores will post 0.58 EPS for the current year.

Institutional Trading of Grupo Aval Acciones y Valores

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in Grupo Aval Acciones y Valores by 6.0% during the first quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock worth $3,941,000 after buying an additional 50,912 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Grupo Aval Acciones y Valores by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,619 shares of the bank’s stock worth $580,000 after acquiring an additional 8,692 shares during the last quarter. Sage Investment Counsel LLC increased its holdings in Grupo Aval Acciones y Valores by 79.3% during the 1st quarter. Sage Investment Counsel LLC now owns 60,955 shares of the bank’s stock valued at $268,000 after purchasing an additional 26,955 shares in the last quarter. Engineers Gate Manager LP bought a new position in Grupo Aval Acciones y Valores in the 2nd quarter valued at $120,000. Finally, AXQ Capital LP bought a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth $120,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a Colombian financial holding company with interests in banking, investment banking, pension and severance-fund administration, and other financial services. The company operates primarily through affiliated institutions rather than serving customers under a single Grupo Aval banking brand.

Its principal Colombian banking subsidiaries include Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas. Through these institutions, the group provides commercial and consumer banking, corporate lending, mortgages, credit cards, payments, leasing, and other financial products.