Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Pass Above Fifty Day Moving Average – Here’s Why

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.18 and traded as high as $5.55. Grupo Aval Acciones y Valores shares last traded at $5.47, with a volume of 126,837 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AVAL shares. JPMorgan Chase & Co. raised Grupo Aval Acciones y Valores from an “underweight” rating to a “neutral” rating and set a $5.50 price objective on the stock in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.50.

Grupo Aval Acciones y Valores Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 0.88. The company has a market cap of $6.49 billion, a P/E ratio of 13.68 and a beta of 0.59. The firm’s fifty day moving average is $5.18 and its two-hundred day moving average is $4.69.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 8th. Stockholders of record on Friday, February 26th will be given a $0.0165 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 26th. Grupo Aval Acciones y Valores’s payout ratio is presently 40.00%.

Institutional Trading of Grupo Aval Acciones y Valores

Several institutional investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC bought a new stake in Grupo Aval Acciones y Valores during the 4th quarter valued at approximately $49,000. EverSource Wealth Advisors LLC bought a new position in Grupo Aval Acciones y Valores in the 2nd quarter worth approximately $34,000. Apollon Wealth Management LLC bought a new position in Grupo Aval Acciones y Valores in the 1st quarter worth approximately $55,000. Banco BTG Pactual S.A. grew its holdings in Grupo Aval Acciones y Valores by 33.0% during the 3rd quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock valued at $51,000 after buying an additional 3,871 shares in the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new stake in Grupo Aval Acciones y Valores during the 4th quarter valued at approximately $101,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.