Grupo Aval Acciones y Valores (NYSE:AVAL) Shares Down 2.7%

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price traded down 2.7% during mid-day trading on Friday . The company traded as low as $2.20 and last traded at $2.20. 21,262 shares traded hands during trading, a decline of 74% from the average session volume of 81,710 shares. The stock had previously closed at $2.26.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AVAL. TheStreet cut shares of Grupo Aval Acciones y Valores from a “c-” rating to a “d” rating in a report on Wednesday, August 23rd. JPMorgan Chase & Co. downgraded Grupo Aval Acciones y Valores from a “neutral” rating to an “underweight” rating in a research note on Wednesday, August 16th.

Grupo Aval Acciones y Valores Price Performance

The business has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.08 and a beta of 1.17.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings data on Wednesday, August 16th. The bank reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $688.53 million during the quarter. Grupo Aval Acciones y Valores had a net margin of 2.22% and a return on equity of 2.36%. As a group, research analysts anticipate that Grupo Aval Acciones y Valores S.A. will post 0.28 EPS for the current year.

Grupo Aval Acciones y Valores Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 8th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.0184 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 9.95%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is currently 130.78%.

Institutional Trading of Grupo Aval Acciones y Valores

Several institutional investors and hedge funds have recently modified their holdings of the stock. Foster Group Inc. purchased a new position in shares of Grupo Aval Acciones y Valores during the second quarter valued at approximately $25,000. Creative Planning purchased a new position in Grupo Aval Acciones y Valores during the 4th quarter worth $28,000. Marshall Wace LLP bought a new stake in shares of Grupo Aval Acciones y Valores in the 4th quarter worth $32,000. Morgan Stanley raised its holdings in shares of Grupo Aval Acciones y Valores by 2,216.7% in the fourth quarter. Morgan Stanley now owns 15,962 shares of the bank’s stock valued at $40,000 after purchasing an additional 15,273 shares during the last quarter. Finally, First Affirmative Financial Network bought a new position in shares of Grupo Aval Acciones y Valores during the second quarter valued at about $58,000. 0.25% of the stock is owned by hedge funds and other institutional investors.

Grupo Aval Acciones y Valores Company Profile

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.