Grupo Aval Acciones y Valores (AVAL) Upgraded to Hold at Zacks Investment Research

Grupo Aval Acciones y Valores (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, March 8th.

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. “

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Several other brokerages also recently weighed in on AVAL. Citigroup downgraded shares of Grupo Aval Acciones y Valores from a “buy” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Grupo Aval Acciones y Valores from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

AVAL stock traded up $0.11 during trading on Thursday, reaching $8.42. 313,987 shares of the stock were exchanged, compared to its average volume of 93,571. The company has a market capitalization of $2,917.68, a PE ratio of 12.04 and a beta of 0.62. Grupo Aval Acciones y Valores has a 1 year low of $7.76 and a 1 year 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.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Grupo Aval Acciones y Valores by 12.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,620,356 shares of the bank’s stock valued at $13,417,000 after purchasing an additional 175,077 shares during the last quarter. 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 worth $11,240,000 after buying an additional 299,317 shares during 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 worth $7,556,000 after buying an additional 57,830 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Grupo Aval Acciones y Valores by 18.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 475,000 shares of the bank’s stock valued at $4,261,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Grupo Aval Acciones y Valores by 2.9% in 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. Hedge funds and other institutional investors own 21.55% of the company’s stock.

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About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal representation services.The Company owns such subsidiaries as Banco de Bogota SA, Banco Popular SA, among others.

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