Zacks Investment Research upgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a sell rating to a hold rating in a research 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 brokerages also recently issued reports on AVAL. Santander raised shares of GRUPO AVAL ACCI/S from a hold rating to a buy rating in a report on Monday, November 19th. ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a sell rating to a strong sell rating in a report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 price target on shares of GRUPO AVAL ACCI/S and gave the company a hold rating in a report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $9.00.
NYSE:AVAL opened at $7.27 on Wednesday. The stock has a market cap of $2.56 billion, a PE ratio of 12.12 and a beta of 0.78. GRUPO AVAL ACCI/S has a 52 week low of $5.59 and a 52 week high of $9.28. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.69.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its position in shares of GRUPO AVAL ACCI/S by 22.4% during the 3rd quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock worth $627,000 after buying an additional 14,800 shares during the period. Renaissance Technologies LLC grew its position in shares of GRUPO AVAL ACCI/S by 22.4% during the 3rd quarter. Renaissance Technologies LLC now owns 792,767 shares of the bank’s stock worth $6,152,000 after buying an additional 145,207 shares during the period. 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 worth $101,000 after buying an additional 9,199 shares during the period. Sagil Capital LLP acquired a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $11,418,000. Finally, Aperio Group LLC grew its position in shares of GRUPO AVAL ACCI/S by 21.8% during the 3rd quarter. Aperio Group LLC now owns 451,919 shares of the bank’s stock worth $3,507,000 after buying an additional 80,865 shares during the period. Hedge funds and other institutional investors own 18.65% of the company’s stock.
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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