Wetherby Asset Management Inc. Has $158,000 Stake in GRUPO AVAL ACCI/S (NYSE:AVAL)

Wetherby Asset Management Inc. decreased its stake in GRUPO AVAL ACCI/S (NYSE:AVAL) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,184 shares of the bank’s stock after selling 1,928 shares during the quarter. Wetherby Asset Management Inc.’s holdings in GRUPO AVAL ACCI/S were worth $158,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVAL. Invesco Ltd. bought a new position in GRUPO AVAL ACCI/S in the 2nd quarter valued at $247,436,000. Acadian Asset Management LLC raised its position in GRUPO AVAL ACCI/S by 77.6% in the 2nd quarter. Acadian Asset Management LLC now owns 988,501 shares of the bank’s stock valued at $7,878,000 after purchasing an additional 432,053 shares during the last quarter. Renaissance Technologies LLC raised its position in GRUPO AVAL ACCI/S by 34.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,584,773 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 407,746 shares during the last quarter. Bank of New York Mellon Corp raised its position in GRUPO AVAL ACCI/S by 72.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 548,421 shares of the bank’s stock valued at $4,371,000 after purchasing an additional 230,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in GRUPO AVAL ACCI/S by 887.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,386 shares of the bank’s stock valued at $832,000 after purchasing an additional 93,811 shares during the last quarter. 5.71% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. Citigroup upgraded GRUPO AVAL ACCI/S from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 16th. Zacks Investment Research downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, ValuEngine downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.38.

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Shares of AVAL stock traded down $0.01 on Friday, reaching $8.38. 48,507 shares of the stock were exchanged, compared to its average volume of 118,919. The stock has a market cap of $9.44 billion, a PE ratio of 10.48 and a beta of 0.98. GRUPO AVAL ACCI/S has a one year low of $5.59 and a one year high of $8.64. 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 stock has a 50 day moving average price of $7.71 and a 200 day moving average price of $7.59.

GRUPO AVAL ACCI/S (NYSE:AVAL) last released its earnings results on Thursday, August 22nd. The bank reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $1.37 billion during the quarter. GRUPO AVAL ACCI/S had a return on equity of 12.99% and a net margin of 12.36%. On average, research analysts expect that GRUPO AVAL ACCI/S will post 0.8 earnings per share for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a dividend yield of 4.4%. GRUPO AVAL ACCI/S’s payout ratio is currently 43.75%.

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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Institutional Ownership by Quarter for GRUPO AVAL ACCI/S (NYSE:AVAL)

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