Bank of New Hampshire Sells 1,788 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Bank of New Hampshire decreased its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,726 shares of the bank’s stock after selling 1,788 shares during the period. Bank of New Hampshire’s holdings in Grupo Financiero Galicia were worth $1,074,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GGAL. CIBC Private Wealth Group LLC bought a new stake in Grupo Financiero Galicia in the fourth quarter worth about $34,000. Compass Group LLC bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $67,000. GeoWealth Management LLC bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $71,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $167,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Itau BBA Securities assumed coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an “outperform” rating and a $70.00 price target on the stock. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Financiero Galicia has an average rating of “Moderate Buy” and an average target price of $61.20.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $55.32 on Friday. The company has a 50 day moving average of $58.30 and a 200 day moving average of $60.53. The stock has a market cap of $8.16 billion, a P/E ratio of 8.15 and a beta of 1.72. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Grupo Financiero Galicia Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.2631 per share. The ex-dividend date is Tuesday, June 3rd. Grupo Financiero Galicia’s dividend payout ratio is currently 3.83%.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.