Grupo Aval Acciones y Valores (NYSE:AVAL) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.71 and traded as high as $2.90. Grupo Aval Acciones y Valores shares last traded at $2.86, with a volume of 23,798 shares trading hands.

Grupo Aval Acciones y Valores Stock Up 0.9%

The business has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $2.57. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $3.39 billion, a P/E ratio of 16.80 and a beta of 0.83.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings data on Monday, May 12th. The bank reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Grupo Aval Acciones y Valores had a return on equity of 2.48% and a net margin of 2.24%. Equities research analysts forecast that Grupo Aval Acciones y Valores S.A. will post 0.21 earnings per share for the current fiscal year.

Grupo Aval Acciones y Valores Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.0084 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Grupo Aval Acciones y Valores’s previous dividend of $0.01. This represents a yield of 3.56%. Grupo Aval Acciones y Valores’s dividend payout ratio is 40.00%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

A number of large investors have recently bought and sold shares of AVAL. Inspire Investing LLC grew its holdings in Grupo Aval Acciones y Valores by 37.4% during the 1st quarter. Inspire Investing LLC now owns 20,129 shares of the bank’s stock worth $55,000 after acquiring an additional 5,484 shares during the last quarter. Banco BTG Pactual S.A. grew its stake in shares of Grupo Aval Acciones y Valores by 172.8% during the first quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank’s stock valued at $254,000 after purchasing an additional 59,006 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter valued at approximately $34,000. Dauntless Investment Group LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter valued at approximately $161,000. Finally, Sage Advisors LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the first quarter valued at approximately $30,000. 0.21% of the stock is currently owned by institutional investors.

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.