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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued 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 brokerages that have issued a report on the stock in the last year is $68.3333.

A number of analysts have recently weighed in on the company. Weiss Ratings cut Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Itau BBA Securities cut shares of Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a report on Thursday, September 3rd.

Grupo Financiero Galicia Trading Down 1.9%

GGAL opened at $42.14 on Wednesday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.24 and a beta of 1.28. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $62.51. The stock has a fifty day moving average price of $46.62 and a 200-day moving average price of $46.60.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data on Tuesday, August 25th. The bank reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.70 billion. On average, equities research analysts forecast that Grupo Financiero Galicia will post 3.69 EPS for the current year.

Grupo Financiero Galicia Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.0531 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 24th. Grupo Financiero Galicia’s dividend payout ratio is presently 23.67%.

Insider Transactions at Grupo Financiero Galicia

In other news, Director Silvestre Moret purchased 224,000 shares of the stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the transaction, the director owned 3,000,000 shares in the company, valued at $16,080,000. The trade was a 8.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 802,791 shares of company stock valued at $4,253,109.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GGAL. Rockefeller Capital Management L.P. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $39,000. Leonteq Securities AG raised its position in Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after buying an additional 1,729 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Grupo Financiero Galicia by 247.3% during the 4th quarter. Hantz Financial Services Inc. now owns 3,258 shares of the bank’s stock valued at $176,000 after acquiring an additional 2,320 shares during the period. Quantitative Investment Management LLC acquired a new position in Grupo Financiero Galicia during the second quarter valued at $490,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Grupo Financiero Galicia in the 1st quarter valued at about $560,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA is an Argentina-based financial services holding company whose principal operating subsidiary is Banco de Galicia y Buenos Aires SAU. The group provides banking and related financial products to individuals, small and medium-sized businesses, corporate clients and agricultural customers in Argentina.

Through its banking operations, Grupo Financiero Galicia offers deposit accounts, personal and commercial loans, credit and debit cards, payment services, foreign trade financing, investment products and digital banking through online and mobile platforms.