Grupo Aval Acciones y Valores (NYSE:AVAL) Sees Strong Trading Volume – Time to Buy?

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares saw unusually-strong trading volume on Thursday . Approximately 153,448 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 61,396 shares.The stock last traded at $2.01 and had previously closed at $1.99.

Grupo Aval Acciones y Valores Trading Up 2.2 %

The business’s 50-day moving average is $2.03 and its two-hundred day moving average is $2.16. The stock has a market capitalization of $2.46 billion, a PE ratio of 23.06 and a beta of 0.98.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. The business had revenue of $953.94 million for the quarter, compared to analysts’ expectations of $994.03 million. On average, analysts predict that Grupo Aval Acciones y Valores S.A. will post 0.2 EPS for the current year.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 28th will be given a dividend of $0.0095 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.11 dividend on an annualized basis and a yield of 5.49%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 100.01%.

Institutional Trading of Grupo Aval Acciones y Valores

An institutional investor recently raised its position in Grupo Aval Acciones y Valores stock. Stokes Family Office LLC raised its position in Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) by 64.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,000 shares of the bank’s stock after buying an additional 20,000 shares during the period. Stokes Family Office LLC’s holdings in Grupo Aval Acciones y Valores were worth $111,000 at the end of the most recent quarter. 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.