Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Up 8.5% - Still a Buy?

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) shot up 8.5% during trading on Wednesday . The company traded as high as $2.70 and last traded at $2.68. 332,581 shares were traded during trading, an increase of 325% from the average session volume of 78,249 shares. The stock had previously closed at $2.47.

Grupo Aval Acciones y Valores Stock Up 2.3 %

The firm has a market cap of $3.22 billion, a PE ratio of 15.94 and a beta of 0.72. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm's 50 day moving average is $2.78 and its 200-day moving average is $2.39.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be paid a $0.0084 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 annualized dividend and a yield of 3.72%. Grupo Aval Acciones y Valores's payout ratio is currently 50.00%.

Institutional Trading of Grupo Aval Acciones y Valores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalina Capital Group LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the fourth quarter worth approximately $26,000. Natural Investments LLC acquired a new stake in shares of Grupo Aval Acciones y Valores during the 4th quarter worth $34,000. Sage Investment Counsel LLC purchased a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter worth $41,000. Banco BTG Pactual S.A. boosted its holdings in Grupo Aval Acciones y Valores by 121.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 34,154 shares of the bank's stock valued at $71,000 after acquiring an additional 18,757 shares during the last quarter. Finally, First Affirmative Financial Network increased its stake in Grupo Aval Acciones y Valores by 11.0% during the fourth quarter. First Affirmative Financial Network now owns 68,332 shares of the bank's stock worth $139,000 after acquiring an additional 6,744 shares during the last quarter. 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.