Parallel Advisors LLC grew its stake in shares of GRUPO AVAL ACCI/S (NYSE:AVAL) by 64.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,176 shares of the bank’s stock after acquiring an additional 4,361 shares during the quarter. Parallel Advisors LLC’s holdings in GRUPO AVAL ACCI/S were worth $83,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AVAL. Quadrant Capital Group LLC increased its holdings in shares of GRUPO AVAL ACCI/S by 69.7% during the third quarter. Quadrant Capital Group LLC now owns 23,845 shares of the bank’s stock valued at $177,000 after acquiring an additional 9,796 shares in the last quarter. Bailard Inc. increased its holdings in shares of GRUPO AVAL ACCI/S by 2.5% during the third quarter. Bailard Inc. now owns 202,300 shares of the bank’s stock valued at $1,509,000 after acquiring an additional 5,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of GRUPO AVAL ACCI/S by 25.0% during the third quarter. Envestnet Asset Management Inc. now owns 22,841 shares of the bank’s stock valued at $170,000 after acquiring an additional 4,571 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of GRUPO AVAL ACCI/S during the second quarter valued at about $596,000. Finally, Newfoundland Capital Management increased its holdings 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 acquiring an additional 11,753 shares in the last quarter. 5.71% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AVAL traded down $0.20 during midday trading on Wednesday, hitting $8.16. The company’s stock had a trading volume of 61,166 shares, compared to its average volume of 123,120. GRUPO AVAL ACCI/S has a fifty-two week low of $5.59 and a fifty-two week high of $8.64. The firm’s 50 day moving average is $7.76 and its 200-day moving average is $7.59. 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 firm has a market cap of $9.34 billion, a P/E ratio of 10.20 and a beta of 0.98.
The firm also recently declared a — dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 28th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 4.4%. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is presently 45.00%.
Several brokerages recently weighed in on AVAL. Citigroup upgraded shares of GRUPO AVAL ACCI/S from a “neutral” rating to a “buy” rating in a report on Wednesday, October 16th. Zacks Investment Research downgraded shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Finally, ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.38.
GRUPO AVAL ACCI/S 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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