Grupo Aval Acciones y Valores (NYSE:AVAL) Share price down 4.2%


Grupo Aval Acciones y Valores SA (NYSE:AVAL – Get Rating) fell 4.2% during the midday session on Friday. The stock traded as low as $3.39 and last traded at $3.43. 3,334 shares changed hands during the midday session, down 96% from the average session volume of 91,910 shares. The stock previously closed at $3.58.

Performance of the Grupo Aval Acciones y Valores share

The company’s 50-day moving average price is $3.67 and its 200-day moving average price is $4.42. The company has a debt ratio of 1.03, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $3.89 billion, a P/E ratio of 3.30 and a beta of 1.27.

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) released its quarterly results for the last time on Friday, May 20. The bank reported earnings per share of $0.34 for the quarter. The company posted revenue of $922.71 million for the quarter. Grupo Aval Acciones y Valores achieved a net margin of 16.85% and a return on equity of 8.81%. Equity analysts expect Grupo Aval Acciones y Valores SA to post 0.82 EPS for the current fiscal year.

Grupo Aval Acciones y Valores increases its dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 7. Investors of record on Thursday, June 2 received a dividend of $0.245. This is an increase from Grupo Aval Acciones y Valores’ previous quarterly dividend of $0.04. This represents a dividend of $0.98 on an annualized basis and a dividend yield of 28.00%. The ex-dividend date was Wednesday, June 1. The distribution rate of Grupo Aval Acciones y Valores is 24.53%.

Hedge funds weigh on Grupo Aval Acciones y Valores

A number of hedge funds and other institutional investors have recently changed their positions in AVAL. Itau Unibanco Holding SA bought a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter worth approximately $3,196,000. StoneX Group Inc. acquired a new stake in Grupo Aval Acciones y Valores during the first quarter, valued at approximately $1,264,000. Envestnet Asset Management Inc. increased its holdings in Grupo Aval Acciones y Valores by 174.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 122,304 shares of the bank valued at $625,000 after buying an additional 77,675 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aval Acciones y Valores by 14.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,799 shares of the bank valued at $1,333,000 after purchasing an additional 32,825 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Grupo Aval Acciones y Valores during the second quarter valued at approximately $104,000. 0.45% of the shares are held by hedge funds and other institutional investors.

Company Profile Grupo Aval Acciones y Valores

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Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector clients in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, term deposits and other deposits. The Company also offers commercial loans including general purpose loans, working capital loans, leases, loans financed by development banks, corporate credit cards and overdraft loans; consumer loans, such as payday loans, personal loans, car and other vehicle loans, credit cards, overdrafts, leases and general purpose loans; and microcredit and mortgages.

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