Grupo Aval Acciones y Valores’ (AVAL) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Grupo Aval Acciones y Valores (NYSE:AVAL) in a research note released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a $5.00 price objective on the bank’s stock, down from their previous price objective of $5.50.

Separately, Weiss Ratings lowered shares of Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.00.

Grupo Aval Acciones y Valores Stock Performance

Shares of NYSE:AVAL opened at $5.10 on Wednesday. The stock has a market capitalization of $6.05 billion, a P/E ratio of 12.75 and a beta of 0.57. Grupo Aval Acciones y Valores has a 1-year low of $3.12 and a 1-year high of $6.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $4.82.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Wednesday, August 12th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Grupo Aval Acciones y Valores had a net margin of 5.08% and a return on equity of 6.06%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities analysts predict that Grupo Aval Acciones y Valores will post 0.58 earnings per share for the current year.

Grupo Aval Acciones y Valores Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 8th. Stockholders of record on Friday, February 26th will be given a dividend of $0.0165 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, February 26th. Grupo Aval Acciones y Valores’s payout ratio is presently 37.50%.

Institutional Trading of Grupo Aval Acciones y Valores

A number of institutional investors and hedge funds have recently modified their holdings of AVAL. Engineers Gate Manager LP acquired a new position in Grupo Aval Acciones y Valores during the second quarter valued at approximately $120,000. AXQ Capital LP bought a new position in Grupo Aval Acciones y Valores during the second quarter worth about $120,000. Renaissance Technologies LLC lifted its holdings in shares of Grupo Aval Acciones y Valores by 6.0% during the 1st quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock valued at $3,941,000 after purchasing an additional 50,912 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Grupo Aval Acciones y Valores by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 132,619 shares of the bank’s stock valued at $580,000 after purchasing an additional 8,692 shares during the period. Finally, Sage Investment Counsel LLC grew its position in shares of Grupo Aval Acciones y Valores by 79.3% in the 1st quarter. Sage Investment Counsel LLC now owns 60,955 shares of the bank’s stock valued at $268,000 after purchasing an additional 26,955 shares during the period. 0.21% of the stock is owned by institutional investors.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a Colombian financial holding company with interests in banking, investment banking, pension and severance-fund administration, and other financial services. The company operates primarily through affiliated institutions rather than serving customers under a single Grupo Aval banking brand.

Its principal Colombian banking subsidiaries include Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas. Through these institutions, the group provides commercial and consumer banking, corporate lending, mortgages, credit cards, payments, leasing, and other financial products.