Grupo Aval Acciones y Valores (NYSE:AVAL) Trading Up 5.9% – Time to Buy?

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares traded up 5.9% during mid-day trading on Friday . The company traded as high as $3.50 and last traded at $3.68. 8,367 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 111,568 shares. The stock had previously closed at $3.47.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grupo Aval Acciones y Valores in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Grupo Aval Acciones y Valores has a consensus rating of “Hold”.

Grupo Aval Acciones y Valores Trading Up 4.9%

The firm has a market capitalization of $4.32 billion, a PE ratio of 11.74 and a beta of 0.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average price of $3.27 and a two-hundred day moving average price of $2.95.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.0115 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. Grupo Aval Acciones y Valores’s dividend payout ratio is currently 35.48%.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of hedge funds have recently modified their holdings of AVAL. Inspire Investing LLC boosted its holdings in Grupo Aval Acciones y Valores by 37.4% during the 1st quarter. Inspire Investing LLC now owns 20,129 shares of the bank’s stock valued at $55,000 after acquiring an additional 5,484 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Grupo Aval Acciones y Valores by 69.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,049 shares of the bank’s stock valued at $59,000 after acquiring an additional 8,594 shares during the period. Sage Advisors LLC purchased a new position in Grupo Aval Acciones y Valores during the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC purchased a new position in Grupo Aval Acciones y Valores during the 2nd quarter valued at about $34,000. Finally, Vise Technologies Inc. purchased a new position in Grupo Aval Acciones y Valores during the 2nd quarter valued at about $56,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aval Acciones y Valores

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.