Grupo Financiero Galicia (NASDAQ:GGAL) Releases Earnings Results

Grupo Financiero Galicia (NASDAQ:GGAL) announced its quarterly earnings results on Wednesday. The bank reported $0.30 earnings per share (EPS) for the quarter, FiscalAI reports. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The company had revenue of $1.53 billion during the quarter.

Grupo Financiero Galicia Trading Down 2.8%

Grupo Financiero Galicia stock traded down $1.16 during mid-day trading on Friday, hitting $40.69. 705,151 shares of the stock were exchanged, compared to its average volume of 1,164,206. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 20.53 and a beta of 1.27. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $65.48. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $44.51 and its two-hundred day simple moving average is $49.31.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) annualized dividend and a yield of 18.4%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 347.47%.

Hedge Funds Weigh In On Grupo Financiero Galicia

Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia during the fourth quarter worth $39,000. Hantz Financial Services Inc. grew its stake in shares of Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after buying an additional 533 shares during the period. State of Wyoming bought a new stake in Grupo Financiero Galicia in the 4th quarter valued at about $74,000. Leonteq Securities AG raised its stake 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 period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Grupo Financiero Galicia by 4,942.9% during the 3rd 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 during the period.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Zacks Research cut Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Hold” and a consensus price target of $65.50.

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.