Patriot Financial Group Insurance Agency LLC Purchases Shares of 11,992 Grupo Financiero Galicia S.A. $GGAL

Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 11,992 shares of the bank’s stock, valued at approximately $560,000.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd boosted its holdings in Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares in the last quarter. State of Wyoming bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $74,000. Acuitas Investments LLC acquired a new position in Grupo Financiero Galicia in the third quarter worth approximately $110,000. Finally, Raymond James Financial Inc. acquired a new position in Grupo Financiero Galicia in the second quarter worth approximately $151,000.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $50.03 on Wednesday. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $62.51. The firm’s 50 day simple moving average is $47.30 and its 200-day simple moving average is $48.51. 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 has a market cap of $8.04 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 0.35 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS 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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. As a group, equities research analysts predict that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.6229 dividend. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. Grupo Financiero Galicia’s dividend payout ratio is presently 214.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GGAL. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. upped their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.33.

Grupo Financiero Galicia Profile

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.