20,000 Shares in Grupo Financiero Galicia S.A. $GGAL Purchased by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the first quarter, HoldingsChannel reports. The institutional investor purchased 20,000 shares of the bank’s stock, valued at approximately $934,000.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Grupo Financiero Galicia by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock valued at $114,188,000 after purchasing an additional 380,643 shares during the period. Aquamarine Financial Cayman Ltd lifted its position in shares of Grupo Financiero Galicia by 57.9% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock worth $113,133,000 after buying an additional 767,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after buying an additional 664,533 shares during the period. PointState Capital LP boosted its stake in Grupo Financiero Galicia by 170.6% in the 4th quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock valued at $85,926,000 after buying an additional 1,004,371 shares in the last quarter. Finally, Mak Capital One LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at $72,468,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GGAL shares. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, Grupo Financiero Galicia currently has an average rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Stock Down 3.7%

Shares of GGAL opened at $51.35 on Wednesday. The company has a market capitalization of $8.25 billion, a P/E ratio of 22.62, a PEG ratio of 0.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. Grupo Financiero Galicia S.A. has a one year low of $25.89 and a one year high of $62.51. The business’s 50 day simple moving average is $47.20 and its 200-day simple moving average is $48.52.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, sell-side analysts predict that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 214.10%.

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.