Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Up 5.9% - Here's What Happened

Key Points

• Grupo Aval Acciones y Valores shares increased by 5.9% during Friday's trading, with the stock closing at $3.68 after previously trading as high as $3.50.
• Weiss Ratings has reaffirmed a "hold (c-)" rating on the stock, with a consensus rating of "Hold" from analysts.
• The company announced a monthly dividend of $0.0115, yielding 3.8% annually, to be paid out on March 9th.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) shot up 5.9% during mid-day trading on Friday . The company traded as high as $3.50 and last traded at $3.68. 8,367 shares traded hands during trading, a decline of 93% from the average session volume of 111,568 shares. The stock had previously closed at $3.47.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat, the company has a consensus rating of "Hold".

Grupo Aval Acciones y Valores Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.27 billion, a PE ratio of 11.60 and a beta of 0.80. The business's fifty day moving average is $3.25 and its 200-day moving average is $2.94.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Investors of record on Friday, February 27th will be issued a $0.0115 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. Grupo Aval Acciones y Valores's dividend payout ratio (DPR) is presently 35.48%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of institutional investors and hedge funds have recently made changes to their positions in AVAL. Inspire Investing LLC raised its stake in Grupo Aval Acciones y Valores by 37.4% during the 1st quarter. Inspire Investing LLC now owns 20,129 shares of the bank's stock worth $55,000 after acquiring an additional 5,484 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Grupo Aval Acciones y Valores by 69.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,049 shares of the bank's stock worth $59,000 after acquiring an additional 8,594 shares during the period. Sage Advisors LLC bought a new stake in Grupo Aval Acciones y Valores during the 1st quarter worth approximately $30,000. EverSource Wealth Advisors LLC bought a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $34,000. Finally, Vise Technologies Inc. bought a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.