Grupo Aval Acciones y Valores S.A. Plans Monthly Dividend of $0.02 (NYSE:AVAL)

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, July 30th. Shareholders of record on Thursday, December 31st will be given a dividend of 0.0165 per share by the bank on Monday, January 11th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, December 31st.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 22.8%.

Grupo Aval Acciones y Valores Stock Up 5.4%

Shares of NYSE:AVAL opened at $5.17 on Friday. The company has a market capitalization of $6.13 billion, a PE ratio of 13.96 and a beta of 0.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Grupo Aval Acciones y Valores has a twelve month low of $2.80 and a twelve month high of $6.20. The firm has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $4.62.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Wednesday, May 13th. The bank reported $0.08 earnings per share (EPS) for the quarter. Grupo Aval Acciones y Valores had a net margin of 4.99% and a return on equity of 6.24%. On average, equities analysts predict that Grupo Aval Acciones y Valores will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pekin Hardy Strauss Inc. raised its stake in shares of Grupo Aval Acciones y Valores by 384.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 387,400 shares of the bank’s stock worth $1,569,000 after purchasing an additional 307,400 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Grupo Aval Acciones y Valores by 683.5% in the 4th quarter. Marshall Wace LLP now owns 275,148 shares of the bank’s stock worth $1,114,000 after acquiring an additional 240,028 shares during the period. Jane Street Group LLC purchased a new position in Grupo Aval Acciones y Valores during the second quarter worth about $155,000. Renaissance Technologies LLC lifted its position in Grupo Aval Acciones y Valores by 6.0% in the first quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock valued at $3,941,000 after purchasing an additional 50,912 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Grupo Aval Acciones y Valores by 34.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 139,173 shares of the bank’s stock worth $458,000 after purchasing an additional 35,862 shares during the period. 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 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.