Grupo Aval Acciones y Valores (NYSE:AVAL) Hits New 12-Month High - Time to Buy?

Key Points

• Grupo Aval Acciones y Valores (NYSE: AVAL) reached a new 52-week high of $3.50 during trading, closing at $3.46.
• The company announced a monthly dividend of $0.0115, yielding 4.0%, with a payout ratio of 35.48%.
• Weiss Ratings has restated a "hold" rating on the stock, which is supported by an average "hold" rating from analysts.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.50 and last traded at $3.46, with a volume of 11846 shares trading hands. The stock had previously closed at $3.48.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Grupo Aval Acciones y Valores in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Grupo Aval Acciones y Valores currently has an average rating of "Hold".

Grupo Aval Acciones y Valores Trading Down 1.3%

The company has a market capitalization of $4.08 billion, a P/E ratio of 11.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The business's 50-day moving average price is $3.20 and its two-hundred day moving average price is $2.92.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 27th will be issued a $0.0115 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, February 27th. Grupo Aval Acciones y Valores's dividend payout ratio is 35.48%.

Institutional Trading of Grupo Aval Acciones y Valores

Several hedge funds have recently bought and sold shares of the stock. Sage Advisors LLC bought a new position in Grupo Aval Acciones y Valores in the first quarter valued at approximately $30,000. EverSource Wealth Advisors LLC bought a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth about $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Grupo Aval Acciones y Valores in the 1st quarter valued at about $34,000. Vise Technologies Inc. bought a new stake in shares of Grupo Aval Acciones y Valores in the second quarter valued at about $56,000. Finally, Inspire Investing LLC boosted its position in shares of Grupo Aval Acciones y Valores by 37.4% during the first quarter. Inspire Investing LLC now owns 20,129 shares of the bank's stock worth $55,000 after buying an additional 5,484 shares during the period. 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.

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