Short Interest in GRUPO AVAL ACCI/S (AVAL) Declines By 55.5%

GRUPO AVAL ACCI/S (NYSE:AVAL) was the recipient of a significant decline in short interest during the month of September. As of September 28th, there was short interest totalling 239,412 shares, a decline of 55.5% from the September 14th total of 537,479 shares. Based on an average daily volume of 197,635 shares, the days-to-cover ratio is currently 1.2 days.

A number of research firms have recently weighed in on AVAL. ValuEngine cut GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. JPMorgan Chase & Co. raised GRUPO AVAL ACCI/S from an “underweight” rating to a “neutral” rating and set a $9.00 price target for the company in a report on Monday, July 30th. Finally, Zacks Investment Research cut GRUPO AVAL ACCI/S from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 18.5% in the first quarter. Guggenheim Capital LLC now owns 321,124 shares of the bank’s stock worth $2,669,000 after acquiring an additional 50,209 shares during the last quarter. Global X Management Co LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 54.1% in the second quarter. Global X Management Co LLC now owns 515,253 shares of the bank’s stock worth $4,271,000 after acquiring an additional 180,994 shares during the last quarter. Aperio Group LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 16.9% in the second quarter. Aperio Group LLC now owns 371,054 shares of the bank’s stock worth $3,076,000 after acquiring an additional 53,663 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of GRUPO AVAL ACCI/S in the second quarter worth $5,086,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of GRUPO AVAL ACCI/S by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 351,080 shares of the bank’s stock worth $2,918,000 after acquiring an additional 12,841 shares during the last quarter. 21.52% of the stock is owned by institutional investors.

NYSE AVAL opened at $7.47 on Thursday. GRUPO AVAL ACCI/S has a fifty-two week low of $7.22 and a fifty-two week high of $9.51. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.45 and a beta of 0.55. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.77.

GRUPO AVAL ACCI/S (NYSE:AVAL) last released its quarterly earnings results on Thursday, August 16th. The bank reported $0.24 earnings per share for the quarter. GRUPO AVAL ACCI/S had a return on equity of 8.56% and a net margin of 9.22%. The company had revenue of $1.81 billion during the quarter. As a group, research analysts predict that GRUPO AVAL ACCI/S will post 0.78 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Friday, November 30th will be issued a $0.0265 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a dividend yield of 4.1%. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is 53.33%.

GRUPO AVAL ACCI/S Company 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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