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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.16 and traded as low as $4.05. Grupo Aval Acciones y Valores shares last traded at $4.07, with a volume of 37,698 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research report on Tuesday, October 14th. Citigroup upgraded Grupo Aval Acciones y Valores from a “neutral” rating to a “buy” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Grupo Aval Acciones y Valores Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 12.33 and a beta of 0.64. The business’s 50-day simple moving average is $4.16 and its two-hundred day simple moving average is $3.55.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings results on Thursday, November 13th. The bank reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Grupo Aval Acciones y Valores had a return on equity of 5.95% and a net margin of 4.61%. As a group, sell-side analysts expect that Grupo Aval Acciones y Valores S.A. will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 35,862 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Grupo Aval Acciones y Valores in the third quarter valued at approximately $264,000. First Affirmative Financial Network boosted its stake in shares of Grupo Aval Acciones y Valores by 18.0% in the third quarter. First Affirmative Financial Network now owns 72,977 shares of the bank’s stock worth $241,000 after acquiring an additional 11,131 shares during the last quarter. Stokes Family Office LLC increased its position in shares of Grupo Aval Acciones y Valores by 51.5% during the second quarter. Stokes Family Office LLC now owns 62,129 shares of the bank’s stock worth $175,000 after purchasing an additional 21,129 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Grupo Aval Acciones y Valores by 73.6% in the 2nd quarter. Marshall Wace LLP now owns 60,733 shares of the bank’s stock valued at $171,000 after purchasing an additional 25,753 shares during 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.