Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Up 8.5% – Here’s What Happened

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price was up 8.5% on Wednesday . The company traded as high as $2.70 and last traded at $2.68. Approximately 332,581 shares were traded during mid-day trading, an increase of 325% from the average daily volume of 78,249 shares. The stock had previously closed at $2.47.

Grupo Aval Acciones y Valores Stock Up 8.1 %

The business has a fifty day moving average of $2.78 and a 200 day moving average of $2.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.03 and a quick ratio of 1.00. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 15.71 and a beta of 0.72.

Grupo Aval Acciones y Valores Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th will be paid a $0.0084 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.77%. Grupo Aval Acciones y Valores’s payout ratio is presently 50.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Truffle Hound Capital LLC acquired a new stake in Grupo Aval Acciones y Valores in the fourth quarter valued at $3,451,000. Natural Investments LLC acquired a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter valued at $34,000. First Affirmative Financial Network increased its position in shares of Grupo Aval Acciones y Valores by 11.0% during the fourth quarter. First Affirmative Financial Network now owns 68,332 shares of the bank’s stock worth $139,000 after purchasing an additional 6,744 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the 4th quarter valued at about $26,000. Finally, Sage Investment Counsel LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 4th quarter valued at about $41,000. Institutional investors and hedge funds 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.