GRUPO AVAL ACCI/S (AVAL) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

AVAL has been the subject of a number of other reports. ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a hold rating to a sell rating in a research note on Thursday, July 19th. JPMorgan Chase & Co. upgraded shares of GRUPO AVAL ACCI/S from an underweight rating to a neutral rating and set a $9.00 price objective for the company in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. GRUPO AVAL ACCI/S has a consensus rating of Hold and a consensus target price of $9.50.

GRUPO AVAL ACCI/S stock opened at $7.59 on Tuesday. GRUPO AVAL ACCI/S has a one year low of $7.40 and a one year high of $9.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $2.71 billion, a PE ratio of 12.65 and a beta of 0.55.

Hedge funds have recently modified their holdings of the company. Aperio Group LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 7.8% in the 1st quarter. Aperio Group LLC now owns 317,391 shares of the bank’s stock valued at $2,638,000 after purchasing an additional 23,027 shares during the period. Guggenheim Capital LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 18.5% in the 1st quarter. Guggenheim Capital LLC now owns 321,124 shares of the bank’s stock valued at $2,669,000 after purchasing an additional 50,209 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of GRUPO AVAL ACCI/S by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 351,080 shares of the bank’s stock valued at $2,918,000 after purchasing an additional 12,841 shares during the period. Northern Trust Corp raised its holdings in GRUPO AVAL ACCI/S by 6.8% in the 1st quarter. Northern Trust Corp now owns 408,598 shares of the bank’s stock valued at $3,396,000 after acquiring an additional 26,032 shares during the period. Finally, Brown Advisory Inc. bought a new position in GRUPO AVAL ACCI/S in the 2nd quarter valued at about $5,086,000. 21.52% of the stock is currently owned by institutional investors.

About GRUPO AVAL ACCI/S

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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