Grupo Aval Acciones y Valores (NYSE:AVAL) Reaches New 52-Week 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.

Shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $3.49 and last traded at $3.45, with a volume of 11284 shares traded. The stock had previously closed at $3.47.

Grupo Aval Acciones y Valores Trading Down 1.7%

The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.23 and a beta of 0.81. The business has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 27th will be paid a $0.0115 dividend. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. Grupo Aval Acciones y Valores's dividend payout ratio is currently 35.48%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

A number of hedge funds have recently made changes to their positions in AVAL. BTG Pactual Asset Management US LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the second quarter valued at approximately $99,000. Jane Street Group LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at $155,000. Marshall Wace LLP increased its stake in shares of Grupo Aval Acciones y Valores by 73.6% in the 2nd quarter. Marshall Wace LLP now owns 60,733 shares of the bank's stock valued at $171,000 after buying an additional 25,753 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at $34,000. Finally, XTX Topco Ltd acquired a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at $78,000. Institutional investors and hedge funds own 0.21% of the company's stock.

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.