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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has earned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $68.3333.

Several research firms recently commented on GGAL. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th.

Grupo Financiero Galicia Trading Up 2.7%

NASDAQ GGAL opened at $50.37 on Friday. Grupo Financiero Galicia has a 52 week low of $25.89 and a 52 week high of $62.51. The firm has a 50 day moving average of $47.37 and a two-hundred day moving average of $48.52. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.09 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.34 and a beta of 1.34.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. As a group, research analysts expect that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.6229 dividend. This represents a c) dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is 214.10%.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors have recently modified their holdings of the stock. Mak Capital One LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at $72,468,000. PointState Capital LP boosted its stake in Grupo Financiero Galicia by 170.6% during the 4th quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock worth $85,926,000 after purchasing an additional 1,004,371 shares during the period. TT International Asset Management LTD acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth $47,035,000. Aquamarine Financial Cayman Ltd grew its position in 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 purchasing an additional 767,309 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 purchasing an additional 664,533 shares during the last quarter.

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.