Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Sees Large Decrease in Short Interest

Key Points

• Grupo Aval Acciones y Valores S.A. experienced a significant decrease in short interest, dropping by 62.2% in September, from 69,100 shares to 26,100 shares.
• The company announced a monthly dividend of $0.0115 per share, with an annual yield of 3.6% and a payout ratio of 35.48%.
• Banco BTG Pactual S.A. notably increased its stake in Grupo Aval by 172.8% during the first quarter, acquiring an additional 59,006 shares.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 26,100 shares, a drop of 62.2% from the September 15th total of 69,100 shares. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aval Acciones y Valores in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Grupo Aval Acciones y Valores has an average rating of "Hold".

Grupo Aval Acciones y Valores Stock Performance

AVAL opened at $3.83 on Friday. The firm has a market capitalization of $4.55 billion, a PE ratio of 12.35 and a beta of 0.80. Grupo Aval Acciones y Valores has a twelve month low of $1.96 and a twelve month high of $3.84. The firm's 50-day moving average price is $3.35 and its 200 day moving average price is $2.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.

Grupo Aval Acciones y Valores Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.0115 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%. Grupo Aval Acciones y Valores's payout ratio is 35.48%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of institutional investors have recently bought and sold shares of AVAL. Banco BTG Pactual S.A. raised its stake 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 worth $254,000 after purchasing an additional 59,006 shares during the period. Dauntless Investment Group LLC acquired a new position in Grupo Aval Acciones y Valores during the 1st quarter worth approximately $161,000. Jane Street Group LLC acquired a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $155,000. BTG Pactual Asset Management US LLC acquired a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $99,000. Finally, XTX Topco Ltd acquired a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $78,000. 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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