GRUPO AVAL ACCI/S (NYSE:AVAL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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 have also issued reports on AVAL. JPMorgan Chase & Co. raised shares of GRUPO AVAL ACCI/S from an “underweight” rating to a “neutral” rating and set a $9.00 price target for the company in a research report on Monday, July 30th. ValuEngine lowered shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th.
NYSE AVAL opened at $7.29 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.15 and a quick ratio of 1.15. GRUPO AVAL ACCI/S has a twelve month low of $6.67 and a twelve month high of $9.51. The stock has a market capitalization of $2.46 billion, a P/E ratio of 10.16 and a beta of 0.55.
GRUPO AVAL ACCI/S (NYSE:AVAL) last released its earnings results on Thursday, August 16th. The bank reported $0.24 earnings per share for the quarter. GRUPO AVAL ACCI/S had a net margin of 9.22% and a return on equity of 8.56%. The business had revenue of $1.81 billion during the quarter. As a group, sell-side analysts anticipate that GRUPO AVAL ACCI/S will post 0.76 earnings per share for the current year.
A number of large investors have recently bought and sold shares of AVAL. FNY Investment Advisers LLC acquired a new position in GRUPO AVAL ACCI/S in the third quarter worth about $479,000. Bank of Montreal Can raised its position in GRUPO AVAL ACCI/S by 22.4% in the third quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock worth $627,000 after purchasing an additional 14,800 shares in the last quarter. Millennium Management LLC raised its position in GRUPO AVAL ACCI/S by 27.1% in the second quarter. Millennium Management LLC now owns 179,596 shares of the bank’s stock worth $1,489,000 after purchasing an additional 38,280 shares in the last quarter. Acadian Asset Management LLC raised its position in GRUPO AVAL ACCI/S by 19.1% in the third quarter. Acadian Asset Management LLC now owns 285,015 shares of the bank’s stock worth $2,212,000 after purchasing an additional 45,732 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in GRUPO AVAL ACCI/S by 18.5% in the first quarter. Guggenheim Capital LLC now owns 321,124 shares of the bank’s stock worth $2,669,000 after purchasing an additional 50,209 shares in the last quarter. 21.57% of the stock is owned by hedge funds and other institutional investors.
About GRUPO AVAL ACCI/S
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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