Grupo Aval Acciones y Valores (NYSE:AVAL) Cut to Sell at Zacks Investment Research

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, 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. “

Shares of NYSE:AVAL traded down $0.05 during trading on Wednesday, reaching $4.07. 86,315 shares of the stock were exchanged, compared to its average volume of 119,780. The firm’s 50-day moving average price is $4.42 and its 200 day moving average price is $5.05. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 5.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. Grupo Aval Acciones y Valores has a 12-month low of $3.86 and a 12-month high of $6.17.

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) last released its quarterly earnings results on Wednesday, March 16th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $931.23 million for the quarter. Grupo Aval Acciones y Valores had a return on equity of 7.98% and a net margin of 13.06%. As a group, equities research analysts forecast that Grupo Aval Acciones y Valores will post 0.72 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in AVAL. Invesco Ltd. increased its holdings in shares of Grupo Aval Acciones y Valores by 19.7% in the 1st quarter. Invesco Ltd. now owns 50,266 shares of the bank’s stock valued at $229,000 after acquiring an additional 8,271 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Grupo Aval Acciones y Valores by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 179,975 shares of the bank’s stock valued at $820,000 after acquiring an additional 4,870 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Grupo Aval Acciones y Valores in the 1st quarter valued at approximately $1,264,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Grupo Aval Acciones y Valores by 16.6% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 45,632 shares of the bank’s stock valued at $208,000 after acquiring an additional 6,505 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Grupo Aval Acciones y Valores by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 128,551 shares of the bank’s stock valued at $585,000 after acquiring an additional 6,247 shares during the last quarter. 0.45% of the stock is currently owned by institutional investors.

Grupo Aval Acciones y Valores Company Profile (Get Rating)

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. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.

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