Grupo Aval Acciones y Valores (NYSE:AVAL) Given “Underweight” Rating at JPMorgan Chase & Co.

Grupo Aval Acciones y Valores (NYSE:AVAL)‘s stock had its “underweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the bank’s stock, down from their previous price objective of $5.50. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 6.02% from the stock’s current price.

Separately, Weiss Ratings cut Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.00.

Grupo Aval Acciones y Valores Trading Down 0.7%

AVAL traded down $0.04 on Wednesday, hitting $5.32. 8,685 shares of the company were exchanged, compared to its average volume of 202,289. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day simple moving average of $5.21 and a two-hundred day simple moving average of $4.80. The stock has a market capitalization of $6.32 billion, a PE ratio of 13.29 and a beta of 0.57. Grupo Aval Acciones y Valores has a 12 month low of $3.12 and a 12 month high of $6.20.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its earnings results on Wednesday, August 12th. The bank reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Grupo Aval Acciones y Valores had a net margin of 5.08% and a return on equity of 6.06%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Sell-side analysts expect that Grupo Aval Acciones y Valores will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Grupo Aval Acciones y Valores by 6.0% during the first quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock worth $3,941,000 after buying an additional 50,912 shares during the period. Sage Investment Counsel LLC raised its holdings in Grupo Aval Acciones y Valores by 79.3% in the 1st quarter. Sage Investment Counsel LLC now owns 60,955 shares of the bank’s stock valued at $268,000 after acquiring an additional 26,955 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Grupo Aval Acciones y Valores during the 2nd quarter valued at $120,000. AXQ Capital LP purchased a new position in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth $120,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the first quarter worth $55,000. 0.21% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA is a Colombian financial holding company with interests in banking, investment banking, pension and severance-fund administration, and other financial services. The company operates primarily through affiliated institutions rather than serving customers under a single Grupo Aval banking brand.

Its principal Colombian banking subsidiaries include Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas. Through these institutions, the group provides commercial and consumer banking, corporate lending, mortgages, credit cards, payments, leasing, and other financial products.