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 Monday, Zacks.com reports.

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, Citigroup raised GRUPO AVAL ACCI/S from a neutral rating to a buy rating in a research report on Wednesday, October 16th.

NYSE AVAL opened at $7.98 on Monday. GRUPO AVAL ACCI/S has a 12 month low of $5.59 and a 12 month high of $8.64. The stock’s fifty day moving average price is $7.98 and its 200-day moving average price is $7.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.06 and a quick ratio of 1.06.

The company also recently announced a — dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 28th will be issued a $0.0295 dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 4.4%. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is presently 43.75%.

Several hedge funds and other institutional investors have recently modified their holdings of AVAL. Invesco Ltd. bought a new stake in shares of GRUPO AVAL ACCI/S in the 2nd quarter worth $247,436,000. Renaissance Technologies LLC lifted its holdings in shares of GRUPO AVAL ACCI/S by 34.6% during the second quarter. Renaissance Technologies LLC now owns 1,584,773 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 407,746 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of GRUPO AVAL ACCI/S by 77.6% during the second quarter. Acadian Asset Management LLC now owns 988,501 shares of the bank’s stock valued at $7,878,000 after buying an additional 432,053 shares during the last quarter. Newfoundland Capital Management boosted its position in shares of GRUPO AVAL ACCI/S by 1.7% during the second quarter. Newfoundland Capital Management now owns 720,651 shares of the bank’s stock valued at $5,766,000 after buying an additional 11,753 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of GRUPO AVAL ACCI/S by 15.0% during the second quarter. Aperio Group LLC now owns 594,180 shares of the bank’s stock valued at $4,736,000 after buying an additional 77,610 shares during the last quarter. Hedge funds and other institutional investors own 5.65% of the company’s stock.

GRUPO AVAL ACCI/S Company Profile

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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