Grupo Aval Acciones y Valores (NYSE:AVAL) Sees Strong Trading Volume – Here’s Why

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) saw an uptick in trading volume on Monday . 150,587 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 87,491 shares.The stock last traded at $2.93 and had previously closed at $2.91.

Grupo Aval Acciones y Valores Trading Down 1.1%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $2.76 and a 200-day moving average of $2.60. The company has a market capitalization of $3.35 billion, a P/E ratio of 11.28 and a beta of 0.83.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data on Monday, May 12th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Grupo Aval Acciones y Valores had a net margin of 3.67% and a return on equity of 4.17%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, research analysts predict that Grupo Aval Acciones y Valores S.A. will post 0.21 EPS for the current year.

Grupo Aval Acciones y Valores Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.0084 per share. This represents a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Grupo Aval Acciones y Valores’s previous dividend of $0.01. Grupo Aval Acciones y Valores’s payout ratio is presently 44.00%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Large investors have recently bought and sold shares of the stock. Inspire Investing LLC raised its stake in shares of Grupo Aval Acciones y Valores by 37.4% in the 1st quarter. Inspire Investing LLC now owns 20,129 shares of the bank’s stock valued at $55,000 after acquiring an additional 5,484 shares during the period. Banco BTG Pactual S.A. boosted its holdings in shares of Grupo Aval Acciones y Valores by 172.8% in the 1st quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank’s stock valued at $254,000 after buying an additional 59,006 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Grupo Aval Acciones y Valores during the 1st quarter valued at about $34,000. Dauntless Investment Group LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 1st quarter worth approximately $161,000. Finally, Sage Advisors LLC acquired a new stake in Grupo Aval Acciones y Valores during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

About Grupo Aval Acciones y Valores

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.