Zacks Investment Research downgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a hold rating to a sell rating in a research report report 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. “
A number of other research firms also recently commented on AVAL. Santander raised shares of GRUPO AVAL ACCI/S from a hold rating to a buy rating in a research report on Monday, November 19th. ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a sell rating to a strong sell rating in a research report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 target price on shares of GRUPO AVAL ACCI/S and gave the stock a hold rating in a research report on Tuesday, November 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $9.00.
NYSE:AVAL opened at $6.47 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.69. GRUPO AVAL ACCI/S has a 12 month low of $6.24 and a 12 month high of $9.51. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 10.78 and a beta of 0.60.
The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Friday, November 30th will be given a dividend of $0.0265 per share. This represents a dividend yield of 4.1%. The ex-dividend date is Thursday, November 29th. GRUPO AVAL ACCI/S’s payout ratio is 50.00%.
Hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its position in shares of GRUPO AVAL ACCI/S by 240.9% during the 3rd quarter. Signaturefd LLC now owns 13,017 shares of the bank’s stock valued at $101,000 after acquiring an additional 9,199 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter valued at $151,000. Citadel Advisors LLC bought a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter valued at $243,000. Nordea Investment Management AB bought a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter valued at $312,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter valued at $479,000. 18.37% 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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