Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.01 on February 9th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, September 4th. Investors of record on Friday, January 30th will be given a dividend of 0.0115 per share by the bank on Monday, February 9th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, January 30th.

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 payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 4.5%

AVAL stock opened at $5.26 on Wednesday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 15.92 and a beta of 0.64. Grupo Aval Acciones y Valores has a twelve month low of $2.25 and a twelve month high of $5.28. The business has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $3.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings data on Thursday, November 13th. The bank reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.23 billion. Grupo Aval Acciones y Valores had a return on equity of 5.95% and a net margin of 4.61%. Analysts anticipate that Grupo Aval Acciones y Valores will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Several hedge funds have recently bought and sold shares of AVAL. Pekin Hardy Strauss Inc. acquired a new position in shares of Grupo Aval Acciones y Valores in the third quarter valued at approximately $264,000. Jane Street Group LLC bought a new stake in Grupo Aval Acciones y Valores in the 2nd quarter valued at $155,000. Dimensional Fund Advisors LP grew its holdings in Grupo Aval Acciones y Valores by 34.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 139,173 shares of the bank’s stock valued at $458,000 after buying an additional 35,862 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new position in Grupo Aval Acciones y Valores in the 2nd quarter valued at $99,000. Finally, XTX Topco Ltd bought a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth $78,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.