Silvestre Vila Moret Acquires 175,824 Shares of Grupo Financiero Galicia (NASDAQ:GGAL) Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret acquired 175,824 shares of the stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of $5.46 per share, with a total value of $959,999.04. Following the completion of the transaction, the director owned 2,776,000 shares of the company’s stock, valued at approximately $15,156,960. This represents a 6.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, July 8th, Silvestre Vila Moret bought 224,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.36 per share, for a total transaction of $1,200,640.00.
• On Tuesday, July 7th, Silvestre Vila Moret purchased 176 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average price of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret acquired 10,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret acquired 125,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock opened at $50.80 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $48.69 and a 200-day simple moving average of $48.46. The stock has a market cap of $8.16 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 0.35 and a beta of 1.34. 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 earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Equities analysts expect that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.6229 per share. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is currently 214.10%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GGAL shares. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upped their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Amundi grew its stake in Grupo Financiero Galicia by 11.9% during the 1st quarter. Amundi now owns 149,789 shares of the bank’s stock worth $6,997,000 after buying an additional 15,962 shares during the last quarter. Royal Bank of Canada lifted its stake in Grupo Financiero Galicia by 9.1% in the first quarter. Royal Bank of Canada now owns 44,531 shares of the bank’s stock valued at $2,080,000 after buying an additional 3,729 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Grupo Financiero Galicia by 4.8% in the first quarter. Lazard Asset Management LLC now owns 165,572 shares of the bank’s stock valued at $7,734,000 after acquiring an additional 7,603 shares during the period. Turim 21 Investimentos Ltda. boosted its holdings in shares of Grupo Financiero Galicia by 74.4% in the first quarter. Turim 21 Investimentos Ltda. now owns 41,586 shares of the bank’s stock valued at $1,942,000 after acquiring an additional 17,746 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Grupo Financiero Galicia during the first quarter worth approximately $7,879,000.

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.