Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Average Rating of “Moderate Buy” by Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $65.50.

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th.

Grupo Financiero Galicia Trading Up 3.7%

Shares of NASDAQ:GGAL opened at $42.30 on Thursday. The firm has a fifty day moving average of $44.43 and a two-hundred day moving average of $49.18. The firm has a market capitalization of $6.79 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 0.28 and a beta of 1.27. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $65.48. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Wednesday, May 13th. The bank reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $1.53 billion during the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. On average, equities analysts expect that Grupo Financiero Galicia will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.6229 dividend. This represents a c) annualized dividend and a yield of 17.7%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 347.47%.

Institutional Trading of Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently bought and sold shares of GGAL. NewEdge Advisors LLC grew its position in Grupo Financiero Galicia by 149.5% in the 1st quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock worth $490,000 after purchasing an additional 5,394 shares during the last quarter. Geode Capital Management LLC grew its position in Grupo Financiero Galicia by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares during the last quarter. Cetera Investment Advisers grew its position in Grupo Financiero Galicia by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after purchasing an additional 226 shares during the last quarter. JPMorgan Chase & Co. grew its position in Grupo Financiero Galicia by 93.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock worth $3,794,000 after purchasing an additional 36,326 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Grupo Financiero Galicia in the 2nd quarter worth $5,299,000.

About Grupo Financiero Galicia

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.