Grupo Aval Acciones y Valores (NYSE:AVAL) Upgraded at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Grupo Aval from “underweight” to “neutral” and set a $5.50 price target, implying 4.86% upside from the previous close.
• Analyst sentiment remains neutral overall: three analysts rate the stock “Hold,” with an average price target of $5.50; Weiss Ratings separately maintained a hold view while lowering its grade.
• Grupo Aval shares opened at $5.25, with a market capitalization of $6.23 billion and a price-to-earnings ratio of 14.18. The company reported quarterly EPS of $0.08, while analysts expect full-year EPS of $0.43.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a $5.50 price target on the bank's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 4.86% from the company's previous close.

Separately, Weiss Ratings lowered shares of Grupo Aval Acciones y Valores from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.50.

Grupo Aval Acciones y Valores Stock Down 0.7%

Shares of NYSE:AVAL opened at $5.25 on Wednesday. Grupo Aval Acciones y Valores has a 1 year low of $2.96 and a 1 year high of $6.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01. The business's 50-day moving average is $5.12 and its 200-day moving average is $4.67. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 14.18 and a beta of 0.59.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The bank reported $0.08 earnings per share (EPS) for the quarter. Grupo Aval Acciones y Valores had a return on equity of 6.24% and a net margin of 4.99%. Equities research analysts predict that Grupo Aval Acciones y Valores will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of hedge funds have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. boosted its position in Grupo Aval Acciones y Valores by 33.0% in the third quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank's stock worth $51,000 after purchasing an additional 3,871 shares during the last quarter. Stokes Family Office LLC increased its position in shares of Grupo Aval Acciones y Valores by 5.1% during the 4th quarter. Stokes Family Office LLC now owns 87,317 shares of the bank's stock valued at $354,000 after purchasing an additional 4,198 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Grupo Aval Acciones y Valores by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,619 shares of the bank's stock valued at $580,000 after purchasing an additional 8,692 shares during the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the 4th quarter worth $49,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 0.21% of the company's stock.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.

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