Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) to Issue $0.02 Monthly Dividend

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, July 30th. Shareholders of record on Thursday, December 31st will be paid a dividend of 0.0165 per share by the bank on Monday, January 11th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, December 31st.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%per year over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 22.8%.

Grupo Aval Acciones y Valores Trading Up 5.4%

Shares of AVAL opened at $5.17 on Friday. The stock has a market capitalization of $6.13 billion, a P/E ratio of 13.96 and a beta of 0.59. Grupo Aval Acciones y Valores has a twelve month low of $2.80 and a twelve month high of $6.20. 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 firm has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $4.62.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings data on Wednesday, May 13th. The bank reported $0.08 EPS for the quarter. Grupo Aval Acciones y Valores had a net margin of 4.99% and a return on equity of 6.24%. On average, research analysts anticipate that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC bought a new position in Grupo Aval Acciones y Valores in the 4th quarter worth $49,000. EverSource Wealth Advisors LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the second quarter valued at about $34,000. Apollon Wealth Management LLC purchased a new position in shares of Grupo Aval Acciones y Valores during the first quarter valued at about $55,000. Banco BTG Pactual S.A. raised its stake in Grupo Aval Acciones y Valores by 33.0% in the third quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock worth $51,000 after buying an additional 3,871 shares in the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new stake in Grupo Aval Acciones y Valores in the fourth quarter worth about $101,000. 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.