Grupo Aval Acciones y Valores (NYSE:AVAL) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.41 and traded as high as $4.76. Grupo Aval Acciones y Valores shares last traded at $4.7040, with a volume of 218,459 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Grupo Aval Acciones y Valores Stock Performance

The business’s fifty day moving average is $4.41 and its two-hundred day moving average is $4.32. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $5.58 billion, a PE ratio of 12.71 and a beta of 0.60.

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

Grupo Aval Acciones y Valores Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a $0.0144 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. Grupo Aval Acciones y Valores’s dividend payout ratio (DPR) is 37.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AVAL. Pekin Hardy Strauss Inc. grew its holdings in shares of Grupo Aval Acciones y Valores by 384.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 387,400 shares of the bank’s stock valued at $1,569,000 after purchasing an additional 307,400 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Grupo Aval Acciones y Valores by 683.5% in the fourth quarter. Marshall Wace LLP now owns 275,148 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 240,028 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Grupo Aval Acciones y Valores in the second quarter valued at $155,000. Renaissance Technologies LLC grew its holdings in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Grupo Aval Acciones y Valores by 34.7% in the third quarter. Dimensional Fund Advisors LP now owns 139,173 shares of the bank’s stock valued at $458,000 after purchasing an additional 35,862 shares in the last quarter. 0.21% of the stock is 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.