Grupo Aval Acciones y Valores SA (NYSE:AVAL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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 equities analysts have also recently issued reports on the company. BidaskClub cut Grupo Aval Acciones y Valores SA from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Grupo Aval Acciones y Valores SA from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Citigroup Inc. raised Grupo Aval Acciones y Valores SA from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 28th.

Grupo Aval Acciones y Valores SA (NYSE AVAL) traded up 1.01% during mid-day trading on Thursday, reaching $9.04. 73,294 shares of the company’s stock were exchanged. Grupo Aval Acciones y Valores SA has a one year low of $7.18 and a one year high of $9.38. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 14.58 and a beta of 0.55. The stock has a 50-day moving average of $8.99 and a 200-day moving average of $8.50.

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Several institutional investors and hedge funds have recently bought and sold shares of AVAL. Citadel Advisors LLC purchased a new position in shares of Grupo Aval Acciones y Valores SA during the first quarter valued at approximately $109,000. Wetherby Asset Management Inc. purchased a new position in shares of Grupo Aval Acciones y Valores SA during the second quarter valued at approximately $144,000. Bank of New York Mellon Corp purchased a new position in shares of Grupo Aval Acciones y Valores SA during the second quarter valued at approximately $156,000. Comerica Bank purchased a new position in shares of Grupo Aval Acciones y Valores SA during the second quarter valued at approximately $162,000. Finally, First Trust Advisors LP purchased a new position in shares of Grupo Aval Acciones y Valores SA during the second quarter valued at approximately $163,000. 21.96% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aval Acciones y Valores SA Company Profile

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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