Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of “Hold” from Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $64.00.

Several brokerages recently weighed in on GGAL. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. cut their target price 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 Price Performance

GGAL opened at $47.81 on Monday. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $62.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The company’s 50 day simple moving average is $45.39 and its 200-day simple moving average is $48.25. The stock has a market capitalization of $7.68 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 0.33 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Sell-side analysts anticipate that Grupo Financiero Galicia will post 3.69 earnings per share 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. Shareholders of record on Monday, May 4th were issued a $0.6229 dividend. The ex-dividend date was Monday, May 4th. This represents a c) annualized dividend and a yield of 15.6%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Large investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its position in shares of Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after acquiring an additional 533 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia in the fourth quarter valued at $39,000. Caitong International Asset Management Co. Ltd grew its position in Grupo Financiero Galicia by 4,942.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares in the last quarter. State of Wyoming bought a new position in Grupo Financiero Galicia in the fourth quarter valued at $74,000. Finally, Leonteq Securities AG grew its position in Grupo Financiero Galicia by 563.2% in the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,729 shares in the last quarter.

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.