Grupo Aval Acciones y Valores (NYSE:AVAL) Hits New 1-Year High - Time to Buy?

Key Points

• Grupo Aval Acciones y Valores (NYSE: AVAL) reached a new 52-week high of $3.49, closing at $3.45 with a trading volume of 11,284 shares.
• The company announced a monthly dividend of $0.0115 per share, representing an annualized yield of 4.0%, with a dividend payout ratio of 32.26%.
• Several hedge funds have increased their stakes in Grupo Aval, including Banco BTG Pactual S.A., which raised its holdings by 172.8% in the first quarter.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - )'s stock price reached a new 52-week high on Monday . The stock traded as high as $3.49 and last traded at $3.45, with a volume of 11284 shares trading hands. The stock had previously closed at $3.47.

Grupo Aval Acciones y Valores Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The company's fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $2.88. The stock has a market capitalization of $4.06 billion, a PE ratio of 11.03 and a beta of 0.81.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.0115 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, February 27th. Grupo Aval Acciones y Valores's dividend payout ratio (DPR) is 32.26%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Several hedge funds have recently added to or reduced their stakes in AVAL. Banco BTG Pactual S.A. increased its holdings in Grupo Aval Acciones y Valores by 172.8% during the 1st quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank's stock valued at $254,000 after acquiring an additional 59,006 shares in the last quarter. Dauntless Investment Group LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the first quarter worth about $161,000. Jane Street Group LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth about $155,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth about $99,000. Finally, XTX Topco Ltd purchased a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth about $78,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aval Acciones y Valores

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. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.

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