GRUPO AVAL ACCI/S (AVAL) Upgraded by Santander to Buy

Santander upgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a hold rating to a buy rating in a research report released on Monday morning, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of GRUPO AVAL ACCI/S from a buy rating to a hold rating in a research report on Wednesday, October 31st. JPMorgan Chase & Co. upgraded shares of GRUPO AVAL ACCI/S from an underweight rating to a neutral rating and set a $9.00 price objective for the company in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $9.50.

AVAL opened at $7.45 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.42 and a beta of 0.63. GRUPO AVAL ACCI/S has a 1-year low of $6.67 and a 1-year high of $9.51.

The firm also recently declared a special dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Friday, November 30th will be given a dividend of $0.0265 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 29th. GRUPO AVAL ACCI/S’s dividend payout ratio is 50.00%.

Large investors have recently modified their holdings of the company. Signaturefd LLC grew its position in shares of GRUPO AVAL ACCI/S by 240.9% during the 3rd quarter. Signaturefd LLC now owns 13,017 shares of the bank’s stock worth $101,000 after buying an additional 9,199 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $151,000. Citadel Advisors LLC acquired a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $243,000. Nordea Investment Management AB acquired a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $312,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $479,000. Institutional investors own 17.94% 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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