Grupo Financiero Galicia (NASDAQ:GGAL) Director Silvestre Vila Moret Buys 10,000 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the director owned 2,332,209 shares in the company, valued at $12,244,097.25. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret purchased 176 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.46 per share, for a total transaction of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret acquired 100,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.27 per share, with a total value of $884,258.57.
• On Friday, June 26th, Silvestre Vila Moret acquired 125,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $49.39 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $62.51. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $7.93 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.34. The firm’s 50 day simple moving average is $48.07 and its 200 day simple moving average is $48.50.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced 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). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. As a group, analysts expect that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

Wall Street Analysts Forecast Growth

GGAL has been the subject of several recent analyst reports. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Finally, Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Hold” and an average target price of $68.33.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently modified their holdings of GGAL. Rockefeller Capital Management L.P. purchased a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at about $39,000. State of Wyoming purchased a new stake in Grupo Financiero Galicia in the fourth quarter worth approximately $74,000. Leonteq Securities AG grew its position in Grupo Financiero Galicia by 563.2% during the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,729 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 valued at $58,000 after acquiring an additional 2,076 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Grupo Financiero Galicia during the second quarter worth approximately $151,000.

Key Grupo Financiero Galicia News

Here are the key news stories impacting Grupo Financiero Galicia this week:

• Positive Sentiment: Director Silvestre Vila Moret disclosed several open-market buys over the past two weeks, including a large purchase of 167,791 shares and additional smaller purchases on June 26, June 29, July 1, and July 7. Repeated insider buying often suggests confidence in the company’s outlook and can support the shares. Article Title
• Neutral Sentiment: The company continues to trade near recent moving averages, with analysts currently assigning an average “Hold” rating and a consensus target price above the recent trading range, indicating mixed but not overly bearish sentiment.
• Negative Sentiment: Recent fundamentals remain a headwind: GGAL last reported earnings below expectations, with EPS and revenue both missing analyst forecasts. That miss likely continues to weigh on investor sentiment despite the insider buying.

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.