Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $68.3333.

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $50.00 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $62.51. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.34 and a beta of 1.34. The business’s fifty day moving average is $50.20 and its 200 day moving average is $48.22.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data 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 company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Research analysts predict that Grupo Financiero Galicia will post 3.74 EPS for the current year.

Insider Buying and Selling

In other news, Director Silvestre Vila Moret purchased 224,000 shares of Grupo Financiero Galicia stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average cost of $5.36 per share, for a total transaction of $1,200,640.00. Following the transaction, the director directly owned 3,000,000 shares of the company’s stock, valued at approximately $16,080,000. This trade represents a 8.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 802,791 shares of company stock valued at $4,253,109.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new stake in Grupo Financiero Galicia during the fourth quarter valued at $39,000. Caitong International Asset Management Co. Ltd grew its position in 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 buying an additional 2,076 shares in the last quarter. State of Wyoming bought a new position in Grupo Financiero Galicia in the 4th quarter worth about $74,000. Leonteq Securities AG increased its stake in 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, Raymond James Financial Inc. purchased a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at about $151,000.

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.