Grupo Aval Acciones y Valores S.A. Declares Monthly Dividend of $0.01 (NYSE:AVAL)

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Investors of record on Friday, May 1st will be given a dividend of 0.0144 per share by the bank on Monday, May 11th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, May 1st.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%per year over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aval Acciones y Valores to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Stock Performance

Shares of NYSE AVAL traded up $0.14 during trading hours on Tuesday, hitting $4.40. 165,742 shares of the company’s stock were exchanged, compared to its average volume of 175,908. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.01. The company’s 50-day moving average price is $4.37 and its 200-day moving average price is $4.09. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 12.26 and a beta of 0.67. Grupo Aval Acciones y Valores has a 1-year low of $2.25 and a 1-year high of $5.28.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, sell-side analysts expect that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aval Acciones y Valores

A number of large investors have recently bought and sold shares of AVAL. EverSource Wealth Advisors LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at about $34,000. HBK Sorce Advisory LLC bought a new position in shares of Grupo Aval Acciones y Valores during the 4th quarter worth approximately $49,000. Banco BTG Pactual S.A. raised its holdings in shares of Grupo Aval Acciones y Valores by 33.0% in the third quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock valued at $51,000 after purchasing an additional 3,871 shares during the last quarter. Plan A Wealth LLC raised its holdings in shares of Grupo Aval Acciones y Valores by 32.4% in the third quarter. Plan A Wealth LLC now owns 15,811 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,868 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Grupo Aval Acciones y Valores in the second quarter worth $78,000. 0.21% of the stock is owned by institutional investors.

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.