Grupo Aval Acciones y Valores (NYSE:AVAL) Sees Unusually-High Trading Volume After Dividend Announcement

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) shares saw an uptick in trading volume on Friday after the company announced a dividend. 107,967 shares were traded during trading, an increase of 48% from the previous session’s volume of 72,786 shares.The stock last traded at $2.52 and had previously closed at $2.71.

The newly announced dividend which will be paid on Thursday, April 17th. Investors of record on Monday, April 14th will be paid a dividend of $0.0089 per share. This represents a yield of 3.93%. This is an increase from Grupo Aval Acciones y Valores’s previous dividend of $0.01. The ex-dividend date is Friday, April 11th. Grupo Aval Acciones y Valores’s payout ratio is 45.00%.

Grupo Aval Acciones y Valores Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $2.83 and a 200-day moving average price of $2.35. The stock has a market capitalization of $2.94 billion, a PE ratio of 14.56 and a beta of 1.05.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Institutional investors and hedge funds have recently modified their holdings of the business. Truffle Hound Capital LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the 4th quarter valued at approximately $3,451,000. Sage Investment Counsel LLC acquired a new stake in Grupo Aval Acciones y Valores during the 4th quarter worth $41,000. Banco BTG Pactual S.A. boosted its holdings in shares of Grupo Aval Acciones y Valores by 121.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 34,154 shares of the bank’s stock valued at $71,000 after acquiring an additional 18,757 shares during the period. Natural Investments LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the fourth quarter worth approximately $34,000. Finally, Catalina Capital Group LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Grupo Aval Acciones y Valores

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.