Grupo Aval Acciones y Valores (NYSE:AVAL) Reaches New 1-Year High - Still a Buy?

Key Points

• Grupo Aval Acciones y Valores (NYSE: AVAL) shares reached a new 52-week high of $3.38, with the stock last trading at $3.37 and a market capitalization of $4.00 billion.
• The company has announced a dividend yield of 333.0%, paying out $0.0084 to shareholders, with a payout ratio of 32.26%.
• Recent institutional investments include significant stakes from multiple hedge funds, indicating growing confidence in Grupo Aval's performance.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - ) shares reached a new 52-week high on Wednesday . The company traded as high as $3.38 and last traded at $3.37, with a volume of 20296 shares. The stock had previously closed at $3.32.

Grupo Aval Acciones y Valores Price Performance

The company has a market capitalization of $4.00 billion, a P/E ratio of 10.87 and a beta of 0.81. The company's 50-day moving average price is $2.96 and its two-hundred day moving average price is $2.85. 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 business also recently disclosed a dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, August 1st were paid a $0.0084 dividend. The ex-dividend date was Thursday, July 31st. This represents a dividend yield of 333.0%. Grupo Aval Acciones y Valores's payout ratio is currently 32.26%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of hedge funds and other institutional investors have recently made changes to their positions in AVAL. Sage Advisors LLC purchased a new stake in Grupo Aval Acciones y Valores in the first quarter worth $30,000. Dauntless Investment Group LLC purchased a new position in Grupo Aval Acciones y Valores during the first quarter valued at $161,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Grupo Aval Acciones y Valores during the first quarter valued at $34,000. Banco BTG Pactual S.A. lifted its position in 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 valued at $254,000 after buying an additional 59,006 shares during the period. Finally, Marshall Wace LLP lifted its position in Grupo Aval Acciones y Valores by 73.6% during the second 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. 0.21% of the stock is owned by hedge funds and other institutional investors.

Grupo Aval Acciones y Valores Company Profile

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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