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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.0144 per share by the bank on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, May 29th.

Grupo Aval Acciones y Valores has decreased its dividend payment 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. Equities research 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

NYSE AVAL opened at $4.26 on Tuesday. The firm has a market cap of $5.06 billion, a P/E ratio of 11.84 and a beta of 0.67. Grupo Aval Acciones y Valores has a 52-week low of $2.25 and a 52-week high of $5.28. The business’s 50-day moving average price is $4.37 and its 200 day moving average price is $4.09. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.62.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $0.12 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities research analysts expect that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Grupo Aval Acciones y Valores in the 2nd quarter valued at approximately $34,000. HBK Sorce Advisory LLC acquired a new position in Grupo Aval Acciones y Valores during the fourth quarter worth $49,000. Banco BTG Pactual S.A. grew its holdings in Grupo Aval Acciones y Valores by 33.0% during the third quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock worth $51,000 after acquiring an additional 3,871 shares during the period. Plan A Wealth LLC raised its position in 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 worth $52,000 after acquiring an additional 3,868 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Grupo Aval Acciones y Valores in the second quarter worth $78,000. 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 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.