Grupo Aval Acciones y Valores S.A. Announces Monthly Dividend of $0.01 (NYSE:AVAL)

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, March 30th. Stockholders of record on Friday, May 29th will be given a dividend of 0.0144 per share by the bank on Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, May 29th.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Trading Up 3.2%

AVAL opened at $4.26 on Tuesday. Grupo Aval Acciones y Valores has a one year low of $2.25 and a one year high of $5.28. The company has a market cap of $5.06 billion, a P/E ratio of 11.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.08. The business’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $4.09.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its earnings results on Thursday, February 26th. The bank reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%. As a group, equities research analysts expect that Grupo Aval Acciones y Valores will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AVAL. EverSource Wealth Advisors LLC purchased a new stake in Grupo Aval Acciones y Valores in the second quarter valued at approximately $34,000. HBK Sorce Advisory LLC acquired a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter valued at $49,000. Banco BTG Pactual S.A. increased its holdings in shares of Grupo Aval Acciones y Valores by 33.0% in 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. Plan A Wealth LLC raised its position in Grupo Aval Acciones y Valores by 32.4% in the 3rd quarter. Plan A Wealth LLC now owns 15,811 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,868 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth $78,000. 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 is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.