Grupo Aval Acciones y Valores (NYSE:AVAL) Announces Earnings Results, Beats Expectations By $0.01 EPS

Grupo Aval Acciones y Valores (NYSE:AVAL) issued its quarterly earnings data on Thursday. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, Zacks reports. Grupo Aval Acciones y Valores had a return on equity of 2.61% and a net margin of 4.49%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.23 billion.

Grupo Aval Acciones y Valores Stock Performance

AVAL traded down $0.02 during trading hours on Friday, hitting $4.20. The stock had a trading volume of 213,059 shares, compared to its average volume of 116,189. Grupo Aval Acciones y Valores has a 1 year low of $1.97 and a 1 year high of $4.50. The company’s fifty day simple moving average is $3.70 and its 200 day simple moving average is $3.20. The stock has a market cap of $4.98 billion, a PE ratio of 13.53 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Grupo Aval Acciones y Valores Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.0115 per share. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.3%. Grupo Aval Acciones y Valores’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

AVAL has been the topic of a number of recent analyst reports. Citigroup raised shares of Grupo Aval Acciones y Valores from a “neutral” rating to a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the 2nd quarter valued at approximately $34,000. Banco BTG Pactual S.A. raised 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 acquiring an additional 3,871 shares during the period. XTX Topco Ltd purchased a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth $78,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth $99,000. Finally, Jane Street Group LLC bought a new position in shares of Grupo Aval Acciones y Valores in the second quarter worth $155,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.