Grupo Aval Acciones y Valores (AVAL) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Grupo Aval Acciones y Valores (NYSE:AVAL) from a buy rating to a hold rating in a research note 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 Bogot谩, Colombia. “

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A number of other brokerages have also issued reports on AVAL. ValuEngine lowered Grupo Aval Acciones y Valores from a buy rating to a hold rating in a research note on Friday, February 9th. Citigroup raised Grupo Aval Acciones y Valores from a sell rating to a neutral rating in a research note on Wednesday, April 4th.

Shares of AVAL stock opened at $8.73 on Wednesday. Grupo Aval Acciones y Valores has a 52-week low of $7.82 and a 52-week high of $9.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.43 and a quick ratio of 1.05. The company has a market cap of $3,065.15, a P/E ratio of 15.05 and a beta of 0.61.

The firm also recently declared a special dividend, which will be paid on Wednesday, July 11th. Investors of record on Monday, July 2nd will be paid a dividend of $0.0288 per share. This represents a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, June 29th. Grupo Aval Acciones y Valores’s dividend payout ratio is currently 58.33%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schroder Investment Management Group raised its position in Grupo Aval Acciones y Valores by 29.3% during the 4th quarter. Schroder Investment Management Group now owns 1,322,394 shares of the bank’s stock valued at $11,240,000 after purchasing an additional 299,317 shares in the last quarter. Renaissance Technologies LLC raised its position in Grupo Aval Acciones y Valores by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 888,900 shares of the bank’s stock valued at $7,556,000 after purchasing an additional 57,830 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Grupo Aval Acciones y Valores by 2.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 466,273 shares of the bank’s stock valued at $3,963,000 after purchasing an additional 13,052 shares in the last quarter. Aperio Group LLC raised its position in Grupo Aval Acciones y Valores by 16.1% during the 4th quarter. Aperio Group LLC now owns 294,364 shares of the bank’s stock valued at $2,502,000 after purchasing an additional 40,817 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Grupo Aval Acciones y Valores by 2.3% during the 4th quarter. Guggenheim Capital LLC now owns 270,915 shares of the bank’s stock valued at $2,303,000 after purchasing an additional 6,003 shares in the last quarter. 21.49% of the stock is owned by institutional investors and hedge funds.

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 operates through Banco Bogot谩 SA, Banco de Occidente SA, Banco Popular SA, Banco AV Villas SA, and Corficolombiana SA segments. The company offers various deposit products and services, including checking accounts, savings accounts, and time deposits, as well as other deposits consisting primarily of transactional accounts, cashier checks, and collection services.

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