Analysts Set Grupo Financiero Galicia S.A. (NASDAQ:GGAL) PT at $64.00

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $64.00.

Several equities analysts recently issued reports on GGAL shares. JPMorgan Chase & Co. cut their target price on 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd.

Institutional Trading of Grupo Financiero Galicia

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in shares of Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after buying an additional 533 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Grupo Financiero Galicia by 4,942.9% in the third 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 last quarter. State of Wyoming purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth about $74,000. Finally, Leonteq Securities AG boosted its stake in shares of Grupo Financiero Galicia by 563.2% in the first 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.

Grupo Financiero Galicia Price Performance

NASDAQ GGAL opened at $55.16 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The stock’s fifty day moving average price is $46.08 and its 200 day moving average price is $48.36. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $62.51. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 0.38 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, equities research analysts forecast that Grupo Financiero Galicia will post 3.69 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a $0.6229 dividend. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. Grupo Financiero Galicia’s dividend payout ratio is presently 213.66%.

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.