Grupo Aval Acciones y Valores (NYSE:AVAL) Sees Strong Trading Volume – Time to Buy?

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares saw strong trading volume on Thursday . 153,448 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 61,396 shares.The stock last traded at $2.01 and had previously closed at $1.99.

Grupo Aval Acciones y Valores Stock Performance

The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 23.06 and a beta of 0.98. The business’s 50 day moving average price is $2.03 and its 200-day moving average price is $2.16.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Wednesday, August 14th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $953.94 million during the quarter, compared to analyst estimates of $994.03 million. Grupo Aval Acciones y Valores had a net margin of 1.30% and a return on equity of 1.46%. On average, analysts forecast that Grupo Aval Acciones y Valores S.A. will post 0.2 earnings per share for the current fiscal year.

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 28th will be paid a dividend of $0.0095 per share. The ex-dividend date is Friday, February 28th. This represents a $0.11 annualized dividend and a yield of 5.49%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 100.01%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

An institutional investor recently raised its position in Grupo Aval Acciones y Valores stock. Stokes Family Office LLC raised its position in Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) by 64.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,000 shares of the bank’s stock after purchasing an additional 20,000 shares during the quarter. Stokes Family Office LLC’s holdings in Grupo Aval Acciones y Valores were worth $111,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.21% of the company’s stock.

Grupo Aval Acciones y Valores Company Profile

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.