Trading Report: The Ameriprise Financial Inc. reaches $6,024,000 position of Grupo Aval Acciones & Valores SA (AVAL)

The Ameriprise Financial Inc. reaches $6,024,000 position  of Grupo Aval Acciones & Valores SA (AVAL)

Ameriprise Financial Inc. increased its position in shares of Grupo Aval Acciones & Valores SA (NYSE:AVAL) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 748,415 shares of the company’s stock after buying an additional 11,718 shares during the period. Ameriprise Financial Inc. owned 0.07% of Grupo Aval Acciones & Valores SA worth $6,024,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new position in Grupo Aval Acciones & Valores SA during the second quarter worth $844,000. Bank of Montreal Can bought a new position in Grupo Aval Acciones & Valores SA during the second quarter worth $114,000. Renaissance Technologies LLC increased its position in Grupo Aval Acciones & Valores SA by 46.7% in the first quarter. Renaissance Technologies LLC now owns 250,500 shares of the company’s stock worth $1,936,000 after buying an additional 79,700 shares during the period. Goldman Sachs Group Inc. increased its position in Grupo Aval Acciones & Valores SA by 41.7% in the first quarter. Goldman Sachs Group Inc. now owns 200,978 shares of the company’s stock worth $1,554,000 after buying an additional 59,137 shares during the period. Finally, M&T Bank Corp bought a new position in Grupo Aval Acciones & Valores SA during the first quarter worth $272,000. 21.45% of the stock is currently owned by institutional investors.

Shares of Grupo Aval Acciones & Valores SA (NYSE:AVAL) traded down 1.07% during mid-day trading on Wednesday, reaching $8.36. The company had a trading volume of 40,117 shares. The stock has a 50 day moving average of $8.49 and a 200-day moving average of $8.01. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 12.67 and a beta of 0.60. Grupo Aval Acciones & Valores SA has a one year low of $5.59 and a one year high of $9.04.

The business also recently disclosed a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, October 13th will be issued a dividend of $0.033 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This is a positive change from Grupo Aval Acciones & Valores SA’s previous dividend of $0.03. Grupo Aval Acciones & Valores SA’s dividend payout ratio is currently 55.56%.

A number of research firms have recently weighed in on AVAL. Scotiabank raised Grupo Aval Acciones & Valores SA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, September 28th. Zacks Investment Research raised Grupo Aval Acciones & Valores SA from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Monday, September 26th.

Grupo Aval Acciones & Valores SA Company Profile

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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