Grupo Aval Acciones y Valores (NYSE:AVAL) Sets New 12-Month High - Here's Why

Key Points

• Grupo Aval Acciones y Valores S.A. recently reached a new 52-week high trading at $3.44, with a market cap of $3.98 billion.
• The company announced a monthly dividend of $0.0115, which will be paid on March 9, translating to a 4.1% dividend yield.
• Several institutional investors, including Banco BTG Pactual S.A., have significantly increased their holdings in Grupo Aval, with a notable 172.8% increase in one firm’s stake during the first quarter.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $3.44 and last traded at $3.40, with a volume of 26530 shares trading hands. The stock had previously closed at $3.40.

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 firm's fifty day moving average is $3.09 and its two-hundred day moving average is $2.88. The company has a market cap of $4.00 billion, a P/E ratio of 10.88 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. Investors of record on Friday, February 27th will be paid a dividend of $0.0115 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th. Grupo Aval Acciones y Valores's dividend payout ratio (DPR) is 35.48%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Several institutional investors have recently added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC purchased a new stake in Grupo Aval Acciones y Valores during the second quarter valued at approximately $99,000. Jane Street Group LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter worth approximately $155,000. Marshall Wace LLP lifted its position 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 worth $171,000 after purchasing an additional 25,753 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $34,000. Finally, XTX Topco Ltd bought a new position in shares of Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $78,000. Hedge funds and other institutional investors own 0.21% of the company's stock.

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.