GRUPO AVAL ACCI/S (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other research firms have also recently issued reports on AVAL. Santander upgraded GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a research report on Monday, November 19th. ValuEngine cut GRUPO AVAL ACCI/S from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 target price on GRUPO AVAL ACCI/S and gave the stock a “hold” rating in a research report on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.00.
GRUPO AVAL ACCI/S (NYSE:AVAL) last released its earnings results on Thursday, November 15th. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. GRUPO AVAL ACCI/S had a return on equity of 9.49% and a net margin of 11.06%. The firm had revenue of $914.88 million during the quarter. As a group, research analysts anticipate that GRUPO AVAL ACCI/S will post 0.77 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Sagil Capital LLP bought a new position in GRUPO AVAL ACCI/S during the third quarter valued at approximately $11,418,000. Renaissance Technologies LLC boosted its stake in GRUPO AVAL ACCI/S by 22.4% during the third quarter. Renaissance Technologies LLC now owns 792,767 shares of the bank’s stock valued at $6,152,000 after buying an additional 145,207 shares during the last quarter. Global X Management Co LLC boosted its stake in GRUPO AVAL ACCI/S by 54.1% during the second quarter. Global X Management Co LLC now owns 515,253 shares of the bank’s stock valued at $4,271,000 after buying an additional 180,994 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in GRUPO AVAL ACCI/S during the third quarter valued at approximately $3,525,000. Finally, Aperio Group LLC boosted its stake in GRUPO AVAL ACCI/S by 21.8% during the third quarter. Aperio Group LLC now owns 451,919 shares of the bank’s stock valued at $3,507,000 after buying an additional 80,865 shares during the last quarter. Hedge funds and other institutional investors own 18.37% of the company’s stock.
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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