Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Gap Down – Here’s What Happened

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price gapped down before the market opened on Monday. The stock had previously closed at $4.85, but opened at $4.70. Grupo Aval Acciones y Valores shares last traded at $4.7850, with a volume of 98,421 shares changing hands.

Analyst Upgrades and Downgrades

AVAL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Grupo Aval Acciones y Valores to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $5.00 price objective (down from $5.50) on shares of Grupo Aval Acciones y Valores in a report on Wednesday, September 16th. Finally, Weiss Ratings cut shares of Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Aval Acciones y Valores has an average rating of “Reduce” and an average price target of $5.00.

Grupo Aval Acciones y Valores Trading Down 1.4%

The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 11.99 and a beta of 0.59. The firm has a 50-day moving average price of $5.18 and a 200-day moving average price of $4.95. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.56.

Grupo Aval Acciones y Valores Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 8th. Investors of record on Friday, February 26th will be paid a dividend of $0.0165 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $0.20 annualized dividend and a yield of 4.2%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is currently 37.50%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in Grupo Aval Acciones y Valores by 6.0% during the first quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock worth $3,941,000 after acquiring an additional 50,912 shares during the period. Dimensional Fund Advisors LP raised its position in Grupo Aval Acciones y Valores by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 132,619 shares of the bank’s stock worth $580,000 after acquiring an additional 8,692 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in Grupo Aval Acciones y Valores in the 3rd quarter valued at about $351,000. Sage Investment Counsel LLC lifted its holdings in Grupo Aval Acciones y Valores by 79.3% in the 1st quarter. Sage Investment Counsel LLC now owns 60,955 shares of the bank’s stock valued at $268,000 after acquiring an additional 26,955 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Grupo Aval Acciones y Valores in the 2nd quarter valued at about $120,000. 0.21% of the stock is owned by institutional investors and hedge funds.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a Colombian financial holding company with interests spanning commercial banking, investment banking, asset management and other financial services. Through its subsidiaries and affiliated companies, the group serves individuals, businesses and institutional clients with products such as deposits, loans, payment services, trust and fiduciary services, brokerage, pension and severance fund administration, and investment banking.

Its principal Colombian banking operations include Banco de Bogotá, Banco de Occidente and Banco Popular.