Grupo Aval Acciones y Valores (NYSE:AVAL) Posts Earnings Results

Grupo Aval Acciones y Valores (NYSE:AVAL) released its earnings results on Wednesday. The bank reported $0.08 EPS for the quarter, Zacks reports. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%.

Grupo Aval Acciones y Valores Stock Down 4.7%

AVAL traded down $0.21 during trading hours on Wednesday, hitting $4.21. The stock had a trading volume of 239,337 shares, compared to its average volume of 215,736. The company’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.31. Grupo Aval Acciones y Valores has a 1 year low of $2.61 and a 1 year high of $5.28. The stock has a market cap of $5.00 billion, a PE ratio of 11.70 and a beta of 0.60.

Grupo Aval Acciones y Valores Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a $0.0144 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 4.1%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 38.89%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Grupo Aval Acciones y Valores in the 2nd quarter worth about $34,000. Banco BTG Pactual S.A. grew its holdings in Grupo Aval Acciones y Valores by 33.0% during the 3rd quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock valued at $51,000 after buying an additional 3,871 shares in the last quarter. XTX Topco Ltd purchased a new position in Grupo Aval Acciones y Valores during the 2nd quarter valued at about $78,000. BTG Pactual Asset Management US LLC purchased a new position in Grupo Aval Acciones y Valores during the 2nd quarter valued at about $99,000. Finally, SmartHarvest Portfolios LLC purchased a new position in Grupo Aval Acciones y Valores during the 4th quarter valued at about $101,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AVAL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research note on Wednesday, April 8th. Citigroup cut Grupo Aval Acciones y Valores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Grupo Aval Acciones y Valores presently has an average rating of “Hold”.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.