Grupo Aval Acciones y Valores (NYSE:AVAL) Stock Price Up 2.6%

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price shot up 2.6% during mid-day trading on Wednesday . The stock traded as high as $2.36 and last traded at $2.36. 10,569 shares were traded during trading, a decline of 89% from the average session volume of 93,738 shares. The stock had previously closed at $2.30.

Wall Street Analyst Weigh In

A number of brokerages have commented on AVAL. JPMorgan Chase & Co. lowered shares of Grupo Aval Acciones y Valores from a “neutral” rating to an “underweight” rating in a report on Wednesday, August 16th. TheStreet cut Grupo Aval Acciones y Valores from a “c-” rating to a “d” rating in a research note on Wednesday, August 23rd.

Grupo Aval Acciones y Valores Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.38. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 18.38 and a beta of 1.22.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data on Wednesday, August 16th. The bank reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $688.53 million for the quarter. Grupo Aval Acciones y Valores had a net margin of 2.22% and a return on equity of 2.36%. On average, analysts anticipate that Grupo Aval Acciones y Valores S.A. will post 0.28 earnings per share for the current year.

Grupo Aval Acciones y Valores Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 12th. Investors of record on Monday, July 3rd were paid a $0.0145 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a yield of 7.48%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 123.08%.

Institutional Trading of Grupo Aval Acciones y Valores

Several institutional investors and hedge funds have recently bought and sold shares of AVAL. Foster Group Inc. bought a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at approximately $25,000. Creative Planning acquired a new position in Grupo Aval Acciones y Valores in the fourth quarter worth $28,000. Inspire Investing LLC bought a new stake in Grupo Aval Acciones y Valores during the first quarter valued at $27,000. Marshall Wace LLP acquired a new stake in shares of Grupo Aval Acciones y Valores during the fourth quarter worth $32,000. Finally, Morgan Stanley lifted its position in shares of Grupo Aval Acciones y Valores by 2,216.7% in the 4th quarter. Morgan Stanley now owns 15,962 shares of the bank’s stock worth $40,000 after buying an additional 15,273 shares during the last quarter. Institutional investors and hedge funds own 0.25% 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.