Grupo Aval Acciones y Valores (NYSE:AVAL) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Grupo Aval Acciones y Valores (NYSE: AVAL) saw its stock price rise above its 50-day moving average of $3.16, reaching a high of $3.34 during trading.
• The company announced a monthly dividend of $0.0115 per share, set to be distributed on March 9th, with a yield of 4.2% based on an annualized rate.
• Institutional investors have shown increased interest, with recent purchases from firms like Sage Advisors LLC and Inspire Investing LLC, indicating growing confidence in the stock.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - )'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.16 and traded as high as $3.34. Grupo Aval Acciones y Valores shares last traded at $3.32, with a volume of 27,551 shares changing hands.

Grupo Aval Acciones y Valores Trading Down 0.5%

The company has a market cap of $3.94 billion, a PE ratio of 10.69 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $3.16 and a 200 day moving average price of $2.91.

Grupo Aval Acciones y Valores Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.2%. Grupo Aval Acciones y Valores's dividend payout ratio is 32.26%.

Institutional Trading of Grupo Aval Acciones y Valores

A number of hedge funds and other institutional investors have recently modified their holdings of AVAL. Sage Advisors LLC bought a new stake in Grupo Aval Acciones y Valores during the first quarter worth about $30,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Grupo Aval Acciones y Valores during the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the second quarter valued at approximately $34,000. Inspire Investing LLC increased its position 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 valued at $55,000 after buying an additional 5,484 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in Grupo Aval Acciones y Valores during the 2nd quarter valued at approximately $56,000. 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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