Grupo Aval Acciones y Valores (NYSE:AVAL) Issues Earnings Results

Grupo Aval Acciones y Valores (NYSE:AVAL) posted its earnings results on Wednesday. The bank reported $0.08 earnings per share for the quarter, Zacks reports. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%.

Grupo Aval Acciones y Valores Trading Down 4.7%

Shares of NYSE AVAL traded down $0.21 during midday trading on Wednesday, hitting $4.21. 239,337 shares of the company’s stock were exchanged, compared to its average volume of 215,736. Grupo Aval Acciones y Valores has a 12-month low of $2.61 and a 12-month high of $5.28. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 11.70 and a beta of 0.60. The business’s fifty day moving average price is $4.33 and its two-hundred day moving average price is $4.31.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were issued a dividend of $0.0144 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. Grupo Aval Acciones y Valores’s payout ratio is presently 38.89%.

Analyst Upgrades and Downgrades

AVAL has been the subject of a number of recent analyst reports. Citigroup lowered Grupo Aval Acciones y Valores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the second quarter worth about $155,000. Marshall Wace LLP grew its holdings in shares of Grupo Aval Acciones y Valores by 73.6% during the second quarter. Marshall Wace LLP now owns 60,733 shares of the bank’s stock worth $171,000 after purchasing an additional 25,753 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Aval Acciones y Valores by 34.7% during the third quarter. Dimensional Fund Advisors LP now owns 139,173 shares of the bank’s stock worth $458,000 after purchasing an additional 35,862 shares in the last quarter. Stokes Family Office LLC grew its holdings in shares of Grupo Aval Acciones y Valores by 5.1% during the fourth quarter. Stokes Family Office LLC now owns 87,317 shares of the bank’s stock worth $354,000 after purchasing an additional 4,198 shares in the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the fourth quarter worth about $101,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Grupo Aval Acciones y Valores Company Profile

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.