Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analysts Set New Price Targets

Several research firms have weighed in on AVAL. JPMorgan Chase & Co. raised Grupo Aval Acciones y Valores from an “underweight” rating to a “neutral” rating and set a $5.50 target price on the stock in a research note on Wednesday, August 12th. Weiss Ratings upgraded Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Grupo Aval Acciones y Valores Stock Up 0.7%

The company has a market capitalization of $6.49 billion, a P/E ratio of 13.68 and a beta of 0.59. The company has a quick ratio of 1.01, a current ratio of 0.88 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $4.70.

Grupo Aval Acciones y Valores Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 8th. Investors of record on Friday, February 26th will be paid a dividend of $0.0165 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 26th. Grupo Aval Acciones y Valores’s dividend payout ratio is presently 32.50%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Grupo Aval Acciones y Valores during the second quarter worth $34,000. HBK Sorce Advisory LLC bought a new stake in Grupo Aval Acciones y Valores in the 4th quarter valued at $49,000. Banco BTG Pactual S.A. boosted its stake in Grupo Aval Acciones y Valores by 33.0% in the 3rd quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock worth $51,000 after purchasing an additional 3,871 shares during the period. Apollon Wealth Management LLC acquired a new position in Grupo Aval Acciones y Valores in the 1st quarter worth $55,000. Finally, XTX Topco Ltd bought a new position in Grupo Aval Acciones y Valores during the 2nd quarter worth about $78,000. 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.