Grupo Aval Acciones y Valores SA (NYSE:AVAL) to issue dividend increase – $0.25 per share

Grupo Aval Acciones y Valores SA (NYSE: DOWNSTREAM – Get a rating) declared a quarterly dividend on Monday, May 23, Zacks reports. Investors of record on Thursday, June 2 will receive a dividend of 0.245 per share from the bank on Tuesday, June 7. This represents a dividend of $0.98 on an annualized basis and a yield of 24.20%. The ex-dividend date is Wednesday, June 1. This is a boost from Grupo Aval Acciones y Valores’ previous quarterly dividend of $0.04.

Grupo Aval Acciones y Valores has a payout ratio of 33.3%, which means that its dividend is sufficiently covered by profits. Equity research analysts expect Grupo Aval Acciones y Valores to earn $0.83 per share next year, meaning the company should continue to be able to cover its $0 annual dividend. $28 with an expected future payout ratio of 33.7%.

Shares of Grupo Aval Acciones y Valores traded down $0.07 during trading hours on Wednesday, hitting $4.05. The stock had a trading volume of 245 shares, compared to an average volume of 120,119 shares. The stock’s 50-day moving average is $4.42 and its 200-day moving average is $5.05. The company has a market capitalization of $4.50 billion, a PE ratio of 5.15 and a beta of 1.22. Grupo Aval Acciones y Valores has a 12-month low of $3.86 and a 12-month high of $6.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt ratio of 0.82.

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Grupo Aval Acciones y Valores (NYSE: AVAL – Get a rating) last released its results on Wednesday, March 16. The bank reported EPS of $0.18 for the quarter, missing analyst consensus estimates of $0.19 per ($0.01). The company posted revenue of $931.23 million for the quarter. Grupo Aval Acciones y Valores achieved a return on equity of 7.98% and a net margin of 13.06%. As a group, sell-side analysts expect Grupo Aval Acciones y Valores to post 0.72 earnings per share for the current year.

Separately, Zacks Investment Research upgraded the shares of Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a Friday, April 15 research note.

Several institutional investors and hedge funds have recently changed their positions in the company. Invesco Ltd. increased its position in shares of Grupo Aval Acciones y Valores by 19.7% in the 1st quarter. Invesco Ltd. now owns 50,266 shares of the bank valued at $229,000 after purchasing an additional 8,271 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Grupo Aval Acciones y Valores by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 179,975 shares of the bank valued at $820,000 after buying an additional 4,870 shares in the last quarter. JustInvest LLC increased its position in shares of Grupo Aval Acciones y Valores by 12.2% in the 4th quarter. JustInvest LLC now owns 56,983 shares of the bank valued at $291,000 after buying an additional 6,198 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Grupo Aval Acciones y Valores by 19.4% in the 4th quarter. Citadel Advisors LLC now owns 46,163 shares of the bank valued at $236,000 after buying 7,513 additional shares in the last quarter. Finally, Millennium Management LLC bought a new position in Grupo Aval Acciones y Valores during the 3rd quarter at a value of $217,000. Institutional investors and hedge funds own 0.45% of the company’s shares.

About Grupo Aval Acciones y Valores (Get a rating)

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector clients in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, term deposits and other deposits. The Company also offers commercial loans including general purpose loans, working capital loans, leases, loans financed by development banks, corporate credit cards and overdraft loans; consumer loans, such as payday loans, personal loans, car and other vehicle loans, credit cards, overdrafts, leases and general purpose loans; and microcredit and mortgages.

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Dividend history for Grupo Aval Acciones y Valores (NYSE:AVAL)

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