Today, Grupo Aval Acciones & Valores SA (AVAL) Lowered by The Zacks Investment Research

Today, Grupo Aval Acciones & Valores SA (AVAL) Lowered by The Zacks Investment Research

Zacks Investment Research downgraded shares of Grupo Aval Acciones & Valores SA (NYSE:AVAL) from a buy rating to a hold rating in a report published on Tuesday.

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. “

Separately, Scotiabank raised shares of Grupo Aval Acciones & Valores SA from a sector perform rating to an outperform rating in a research report on Wednesday, September 28th.

Shares of Grupo Aval Acciones & Valores SA (NYSE:AVAL) opened at 7.36 on Tuesday. The company’s 50-day moving average is $8.05 and its 200-day moving average is $8.04. Grupo Aval Acciones & Valores SA has a 1-year low of $5.59 and a 1-year high of $9.04. The stock has a market cap of $8.20 billion, a P/E ratio of 11.50 and a beta of 0.64.

The company also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.033 per share. The ex-dividend date is Monday, November 28th. Grupo Aval Acciones & Valores SA’s payout ratio is 60.32%.

Several large investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Grupo Aval Acciones & Valores SA during the second quarter worth approximately $114,000. Advisors Preferred LLC purchased a new stake in shares of Grupo Aval Acciones & Valores SA during the third quarter worth approximately $120,000. First New York Securities LLC NY purchased a new stake in shares of Grupo Aval Acciones & Valores SA during the third quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Grupo Aval Acciones & Valores SA by 36.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,643 shares of the company’s stock worth $165,000 after buying an additional 4,990 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Grupo Aval Acciones & Valores SA during the second quarter worth approximately $236,000. 21.70% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aval Acciones & Valores SA

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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