Grupo Aval Acciones y Valores (NYSE:AVAL) Releases Quarterly Earnings Results

Grupo Aval Acciones y Valores (NYSE:AVAL) announced its quarterly earnings results on Wednesday. The bank reported $0.08 earnings per share for the quarter, Zacks reports. Grupo Aval Acciones y Valores had a return on equity of 6.97% and a net margin of 4.99%.

Grupo Aval Acciones y Valores Trading Down 5.4%

NYSE:AVAL traded down $0.23 during trading hours on Friday, hitting $4.00. 744,295 shares of the stock were exchanged, compared to its average volume of 188,217. Grupo Aval Acciones y Valores has a 52-week low of $2.61 and a 52-week high of $5.28. The firm’s fifty day moving average price is $4.35 and its 200 day moving average price is $4.31. The company has a market cap of $4.75 billion, a P/E ratio of 10.81 and a beta of 0.60.

Grupo Aval Acciones y Valores Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were paid a dividend of $0.0144 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, May 1st. Grupo Aval Acciones y Valores’s payout ratio is 38.89%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup lowered Grupo Aval Acciones y Valores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Grupo Aval Acciones y Valores currently has an average rating of “Hold”.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Several large investors have recently bought and sold shares of AVAL. Marshall Wace LLP increased its stake in Grupo Aval Acciones y Valores by 683.5% during the 4th quarter. Marshall Wace LLP now owns 275,148 shares of the bank’s stock worth $1,114,000 after buying an additional 240,028 shares in the last quarter. Jane Street Group LLC purchased a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $155,000. Dimensional Fund Advisors LP increased its stake 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 buying an additional 35,862 shares in the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $99,000. Finally, XTX Topco Ltd purchased a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $78,000. 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.