Zacks Investment Research Downgrades GRUPO AVAL ACCI/S (AVAL) to Hold

Zacks Investment Research lowered shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a buy rating to a hold rating in a research report released on Wednesday morning.

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 analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised GRUPO AVAL ACCI/S from an underweight rating to a neutral rating and set a $9.00 price objective for the company in a research report on Monday, July 30th. ValuEngine cut GRUPO AVAL ACCI/S from a hold rating to a sell rating in a research report on Thursday, July 19th.

AVAL traded up $0.05 during trading on Wednesday, reaching $7.34. 212,731 shares of the stock traded hands, compared to its average volume of 155,985. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 10.64 and a beta of 0.63. GRUPO AVAL ACCI/S has a fifty-two week low of $6.67 and a fifty-two week high of $9.51. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.77.

GRUPO AVAL ACCI/S (NYSE:AVAL) last released its quarterly earnings data on Thursday, August 16th. The bank reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter. GRUPO AVAL ACCI/S had a return on equity of 8.56% and a net margin of 9.22%. As a group, sell-side analysts forecast that GRUPO AVAL ACCI/S will post 0.76 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.0265 per share. The ex-dividend date is Thursday, November 29th. This represents a yield of 4.1%. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is currently 53.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its holdings in GRUPO AVAL ACCI/S by 7.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 388,999 shares of the bank’s stock valued at $3,019,000 after buying an additional 26,030 shares in the last quarter. Acadian Asset Management LLC raised its holdings in GRUPO AVAL ACCI/S by 19.1% during the third quarter. Acadian Asset Management LLC now owns 285,015 shares of the bank’s stock valued at $2,212,000 after buying an additional 45,732 shares in the last quarter. FNY Investment Advisers LLC bought a new position in GRUPO AVAL ACCI/S during the third quarter valued at about $479,000. Aperio Group LLC raised its holdings in GRUPO AVAL ACCI/S by 21.8% during the third quarter. Aperio Group LLC now owns 451,919 shares of the bank’s stock valued at $3,507,000 after buying an additional 80,865 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in GRUPO AVAL ACCI/S by 22.4% during the third quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock valued at $627,000 after buying an additional 14,800 shares in the last quarter. Institutional investors own 21.57% 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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