Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Announces Quarterly Dividend of $0.25

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL – Get Rating) announced a quarterly dividend on Monday, May 23rd, Zacks reports. Shareholders of record on Thursday, June 2nd will be given a dividend of 0.245 per share by the bank on Tuesday, June 7th. This represents a $0.98 annualized dividend and a yield of 24.20%. The ex-dividend date is Wednesday, June 1st. This is a positive change from Grupo Aval Acciones y Valores’s previous quarterly dividend of $0.04.

Grupo Aval Acciones y Valores has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 33.7%.

AVAL stock traded down $0.07 during trading on Wednesday, hitting $4.05. 245 shares of the company’s stock traded hands, compared to its average volume of 120,119. The stock has a fifty day moving average price of $4.42 and a two-hundred day moving average price of $5.05. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 5.15 and a beta of 1.22. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. Grupo Aval Acciones y Valores has a 52 week low of $3.86 and a 52 week high of $6.17.

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) last announced its earnings results on Wednesday, March 16th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $931.23 million during the quarter. Grupo Aval Acciones y Valores had a net margin of 13.06% and a return on equity of 7.98%. As a group, equities research analysts expect that Grupo Aval Acciones y Valores will post 0.72 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of AVAL. Morgan Stanley lifted its stake in Grupo Aval Acciones y Valores by 209.0% during the first quarter. Morgan Stanley now owns 16,067 shares of the bank’s stock valued at $100,000 after buying an additional 10,867 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Grupo Aval Acciones y Valores in the third quarter worth approximately $103,000. Millennium Management LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the third quarter worth approximately $217,000. Invesco Ltd. purchased a new stake in shares of Grupo Aval Acciones y Valores in the fourth quarter worth approximately $215,000. Finally, Citadel Advisors LLC lifted its position in shares of Grupo Aval Acciones y Valores by 19.4% in the fourth quarter. Citadel Advisors LLC now owns 46,163 shares of the bank’s stock worth $236,000 after purchasing an additional 7,513 shares in the last quarter. 0.45% of the stock is owned by institutional investors.

Separately, Zacks Investment Research lowered shares of Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a research report on Friday, April 15th.

Grupo Aval Acciones y Valores Company Profile (Get Rating)

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.

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