Grupo Aval Acciones y Valores SA (NYSE:AVAL) has received an average broker rating score of 4.17 (Sell) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong sell recommendation and one has issued a hold recommendation on the company. Grupo Aval Acciones y Valores’ rating score has declined by 39% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus target price of $8.50 for the company and are expecting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Grupo Aval Acciones y Valores an industry rank of 73 out of 265 based on the ratings given to its competitors.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Grupo Aval Acciones y Valores from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. ValuEngine raised Grupo Aval Acciones y Valores from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Citigroup downgraded Grupo Aval Acciones y Valores from a “buy” rating to a “sell” rating in a report on Tuesday.
The firm also recently announced a special dividend, which will be paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.0334 per share. This represents a yield of 4.47%. The ex-dividend date is Tuesday, February 27th.
A number of institutional investors have recently made changes to their positions in AVAL. SG Americas Securities LLC acquired a new position in shares of Grupo Aval Acciones y Valores in the 3rd quarter worth $110,000. Citadel Advisors LLC grew its holdings in shares of Grupo Aval Acciones y Valores by 13.7% in the 2nd quarter. Citadel Advisors LLC now owns 15,201 shares of the bank’s stock worth $126,000 after acquiring an additional 1,830 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth $156,000. Comerica Bank acquired a new position in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth $162,000. Finally, First Trust Advisors LP acquired a new position in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth $163,000. 21.92% of the stock is currently owned by hedge funds and other institutional investors.
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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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