Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Acquires 224,000 Shares

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 224,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average cost of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the acquisition, the director directly owned 3,000,000 shares in the company, valued at approximately $16,080,000. This represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, July 7th, Silvestre Vila Moret acquired 175,824 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.46 per share, for a total transaction of $959,999.04.
• On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.46 per share, for a total transaction of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 100,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.11 per share, for a total transaction of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret bought 167,791 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.27 per share, with a total value of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret purchased 125,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Price Performance

Shares of Grupo Financiero Galicia stock traded down $2.32 during trading on Monday, reaching $51.41. The company’s stock had a trading volume of 744,594 shares, compared to its average volume of 975,667. The stock has a 50-day moving average price of $48.49 and a two-hundred day moving average price of $48.48. The stock has a market capitalization of $8.26 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 0.37 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Grupo Financiero Galicia S.A. has a one year low of $25.89 and a one year high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 214.10%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock 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 research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.33.

Hedge Funds Weigh In On Grupo Financiero Galicia

Hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth $2,335,000. Alphadyne Asset Management LP bought a new stake in Grupo Financiero Galicia during the 3rd quarter worth about $827,000. Ping Capital Management Inc. lifted its position in Grupo Financiero Galicia by 10.5% during the 4th quarter. Ping Capital Management Inc. now owns 450,800 shares of the bank’s stock worth $24,316,000 after buying an additional 42,800 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth about $317,000. Finally, Carrhae Capital LLP bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at about $8,701,000.

Grupo Financiero Galicia Company 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.