ValuEngine cut shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) from a buy rating to a hold rating in a report published on Wednesday.

A number of other research analysts also recently commented on the company. BidaskClub downgraded Grupo Aval Acciones y Valores from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Grupo Aval Acciones y Valores from a sell rating to a hold rating in a research note on Tuesday, August 22nd. Finally, Citigroup Inc. upgraded Grupo Aval Acciones y Valores from a neutral rating to a buy rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $9.50.

Grupo Aval Acciones y Valores (NYSE AVAL) opened at 9.21 on Wednesday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 15.35 and a beta of 0.55. The stock has a 50 day moving average price of $8.84 and a 200-day moving average price of $8.32. Grupo Aval Acciones y Valores has a 12-month low of $7.18 and a 12-month high of $9.38.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in Grupo Aval Acciones y Valores in the first quarter valued at about $109,000. Stevens Capital Management LP purchased a new position in Grupo Aval Acciones y Valores in the first quarter valued at about $126,000. Wetherby Asset Management Inc. purchased a new position in Grupo Aval Acciones y Valores in the second quarter valued at about $144,000. Bank of New York Mellon Corp purchased a new position in Grupo Aval Acciones y Valores in the second quarter valued at about $156,000. Finally, Comerica Bank purchased a new position in Grupo Aval Acciones y Valores in the second quarter valued at about $162,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Grupo Aval Acciones y Valores 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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