Grupo Aval Acciones y Valores (NYSE:AVAL) Reaches New 52-Week High – Here’s What Happened

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.31 and last traded at $4.2350, with a volume of 17047 shares changing hands. The stock had previously closed at $4.22.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AVAL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research note on Tuesday, October 14th. Citigroup raised Grupo Aval Acciones y Valores from a “neutral” rating to a “buy” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Grupo Aval Acciones y Valores has a consensus rating of “Moderate Buy”.

Grupo Aval Acciones y Valores Stock Performance

The company has a market cap of $4.99 billion, a price-to-earnings ratio of 13.55 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average price of $3.51 and a 200 day moving average price of $3.10.

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 given a dividend of $0.0115 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is currently 35.48%.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

A number of hedge funds have recently modified their holdings of the business. Banco BTG Pactual S.A. grew its holdings in shares of Grupo Aval Acciones y Valores by 172.8% during the first quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank’s stock worth $254,000 after buying an additional 59,006 shares in the last quarter. Stokes Family Office LLC grew its holdings in shares of Grupo Aval Acciones y Valores by 51.5% during the second quarter. Stokes Family Office LLC now owns 62,129 shares of the bank’s stock worth $175,000 after buying an additional 21,129 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Grupo Aval Acciones y Valores by 73.6% during the second quarter. Marshall Wace LLP now owns 60,733 shares of the bank’s stock worth $171,000 after buying an additional 25,753 shares in the last quarter. Dauntless Investment Group LLC bought a new position in shares of Grupo Aval Acciones y Valores during the first quarter worth about $161,000. Finally, Jane Street Group LLC bought a new position in shares of Grupo Aval Acciones y Valores during the second quarter worth about $155,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

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.