ValuEngine upgraded shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) from a hold rating to a buy rating in a report issued on Monday morning.

Several other research firms have also recently commented on AVAL. Zacks Investment Research raised Grupo Aval Acciones y Valores from a sell rating to a hold rating in a report on Tuesday, August 22nd. BidaskClub cut Grupo Aval Acciones y Valores from a strong-buy rating to a buy rating in a report on Friday, September 1st. Finally, Citigroup Inc. raised Grupo Aval Acciones y Valores from a neutral rating to a buy rating in a report on Wednesday, June 28th.

Shares of Grupo Aval Acciones y Valores (NYSE:AVAL) opened at 8.95 on Monday. The stock has a 50 day moving average price of $8.99 and a 200-day moving average price of $8.50. Grupo Aval Acciones y Valores has a one year low of $7.18 and a one year high of $9.38. The company has a market capitalization of $9.97 billion, a P/E ratio of 14.44 and a beta of 0.55.

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The business also recently announced a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be issued a $0.034 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Grupo Aval Acciones y Valores’s previous None dividend of $0.03. This represents a dividend yield of 4.46%. Grupo Aval Acciones y Valores’s dividend payout ratio is presently 66.15%.

Several institutional investors and hedge funds have recently modified their holdings of AVAL. Schroder Investment Management Group acquired a new position in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth approximately $7,471,000. Renaissance Technologies LLC raised its holdings in shares of Grupo Aval Acciones y Valores by 64.6% in the 1st quarter. Renaissance Technologies LLC now owns 688,700 shares of the bank’s stock worth $5,627,000 after buying an additional 270,394 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Grupo Aval Acciones y Valores by 12.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,620,356 shares of the bank’s stock worth $13,417,000 after buying an additional 175,077 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Grupo Aval Acciones y Valores in the 1st quarter worth approximately $1,291,000. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Grupo Aval Acciones y Valores by 66.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 382,225 shares of the bank’s stock worth $3,165,000 after buying an additional 152,957 shares in the last quarter. 21.96% of the stock is owned by institutional investors and hedge funds.

About Grupo Aval Acciones y Valores

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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