Grupo Aval Acciones y Valores (NYSE:AVAL) Reaches New 12-Month High - Here's What Happened

Key Points

• Grupo Aval Acciones y Valores reached a new 52-week high of $3.33, closing at $3.28 with a trading volume of 78,229 shares.
• The company has a market capitalization of $3.89 billion and recently announced a dividend yielding 333.0%, with a payout ratio of 32.26%.
• Several institutional investors are actively increasing their positions in the stock, indicating growing interest from major investment firms.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $3.33 and last traded at $3.28, with a volume of 78229 shares traded. The stock had previously closed at $3.16.

Grupo Aval Acciones y Valores Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $2.95 and a 200 day simple moving average of $2.84. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 10.65 and a beta of 0.81.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, September 1st will be issued a $0.0084 dividend. This represents a dividend yield of 319.0%. The ex-dividend date of this dividend is Friday, August 29th. Grupo Aval Acciones y Valores's payout ratio is presently 35.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AVAL. Sage Advisors LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the first quarter valued at about $30,000. Dauntless Investment Group LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the first quarter worth about $161,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Grupo Aval Acciones y Valores during the first quarter worth about $34,000. Banco BTG Pactual S.A. grew its holdings in shares of Grupo Aval Acciones y Valores by 172.8% during the first quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank's stock worth $254,000 after buying an additional 59,006 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the second quarter worth about $99,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.