Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases 100,000 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were acquired at an average price of $5.11 per share, with a total value of $511,000.00. Following the completion of the acquisition, the director owned 2,600,000 shares in the company, valued at approximately $13,286,000. This trade represents a 4.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.46 per share, with a total value of $960.96.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Trading Down 1.7%

GGAL stock traded down $0.86 during mid-day trading on Thursday, reaching $49.39. The company’s stock had a trading volume of 617,476 shares, compared to its average volume of 1,129,484. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.34. The business’s 50 day moving average price is $48.07 and its 200 day moving average price is $48.50. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. On average, equities research analysts predict that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders 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 15.1%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 214.10%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GGAL. Rockefeller Capital Management L.P. bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after acquiring an additional 2,076 shares in the last quarter. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth about $74,000. Leonteq Securities AG raised its holdings in shares of Grupo Financiero Galicia by 563.2% in the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after acquiring an additional 1,729 shares during the last quarter. Finally, Acuitas Investments LLC bought a new position in Grupo Financiero Galicia in the 3rd quarter valued at about $110,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.33.

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.