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

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

Grupo Aval Acciones & Valores SA (NYSE:AVAL) opened at 7.29 on Tuesday. Grupo Aval Acciones & Valores SA has a 52 week low of $5.59 and a 52 week high of $9.04. The company has a market cap of $8.12 billion, a P/E ratio of 11.05 and a beta of 0.64. The stock has a 50 day moving average of $8.07 and a 200 day moving average of $8.05.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. increased its position in Grupo Aval Acciones & Valores SA by 10.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 55,839 shares of the company’s stock worth $493,000 after buying an additional 5,321 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 period. Morgan Stanley increased its position in Grupo Aval Acciones & Valores SA by 88.6% in the third quarter. Morgan Stanley now owns 235,257 shares of the company’s stock worth $2,078,000 after buying an additional 110,501 shares during the period. Northern Trust Corp increased its position in Grupo Aval Acciones & Valores SA by 0.9% in the third quarter. Northern Trust Corp now owns 193,970 shares of the company’s stock worth $1,713,000 after buying an additional 1,817 shares during the period. Finally, Emerald Acquisition Ltd. increased its position in Grupo Aval Acciones & Valores SA by 21.7% in the third quarter. Emerald Acquisition Ltd. now owns 127,686 shares of the company’s stock worth $1,127,000 after buying an additional 22,801 shares during the period. 21.70% of the stock is currently owned by institutional investors and hedge funds.

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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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