Zacks Investment Research cut shares of Grupo Aval Acciones y Valores (NYSE:AVAL) from a hold rating to a sell rating in a report published on Tuesday morning.

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. “

AVAL has been the topic of several other research reports. BidaskClub cut shares of Grupo Aval Acciones y Valores from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Citigroup cut shares of Grupo Aval Acciones y Valores from a buy rating to a sell rating in a research report on Tuesday. Finally, ValuEngine raised shares of Grupo Aval Acciones y Valores from a hold rating to a buy rating in a research report on Monday, October 2nd.

Shares of Grupo Aval Acciones y Valores (NYSE AVAL) traded up $0.03 on Tuesday, hitting $8.93. 121,251 shares of the stock traded hands, compared to its average volume of 77,400. The firm has a market capitalization of $3,160.00, a PE ratio of 15.26 and a beta of 0.51. Grupo Aval Acciones y Valores has a 1-year low of $7.42 and a 1-year high of $9.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.05 and a quick ratio of 1.05.

The company also recently announced a special dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 28th will be issued a $0.0334 dividend. The ex-dividend date is Tuesday, February 27th. This represents a yield of 4.47%.

A number of large investors have recently modified their holdings of AVAL. First Trust Advisors LP acquired a new stake in Grupo Aval Acciones y Valores in the second quarter valued at approximately $163,000. Bank of New York Mellon Corp acquired a new stake in Grupo Aval Acciones y Valores in the second quarter valued at approximately $156,000. Comerica Bank acquired a new stake in Grupo Aval Acciones y Valores in the second quarter valued at approximately $162,000. Schroder Investment Management Group acquired a new stake in Grupo Aval Acciones y Valores in the second quarter valued at approximately $7,471,000. Finally, Ameriprise Financial Inc. raised its holdings in Grupo Aval Acciones y Valores by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 541,198 shares of the bank’s stock valued at $4,482,000 after acquiring an additional 2,930 shares in the last quarter. 21.92% of the stock is currently owned by hedge funds and other institutional investors.

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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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