Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares were down 6.1% during mid-day trading on Tuesday . The company traded as low as $9.53 and last traded at $9.70, approximately 1,646,080 shares were traded during trading. An increase of 11% from the average daily volume of 1,486,367 shares. The stock had previously closed at $10.33.
A number of equities analysts have issued reports on GGAL shares. BidaskClub cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Tuesday, June 2nd. Zacks Investment Research cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Citigroup cut Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Thursday, May 28th. Six research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Grupo Financiero Galicia has an average rating of “Sell” and a consensus target price of $19.75.
The company has a current ratio of 1.10, a quick ratio of 1.43 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.42 billion, a P/E ratio of 1.74 and a beta of 1.52. The company has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $11.21.
Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Wednesday, June 10th. The bank reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.16). Grupo Financiero Galicia had a net margin of 27.10% and a return on equity of 39.23%. The business had revenue of $506.60 million for the quarter, compared to the consensus estimate of $601.34 million. As a group, sell-side analysts expect that Grupo Financiero Galicia S.A. will post 4.48 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Grupo Financiero Galicia by 233.7% in the 1st quarter. Royal Bank of Canada now owns 11,275 shares of the bank’s stock valued at $80,000 after buying an additional 7,896 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Grupo Financiero Galicia in the 1st quarter valued at approximately $92,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Grupo Financiero Galicia in the 1st quarter valued at approximately $92,000. Grantham Mayo Van Otterloo & Co. LLC raised its position in Grupo Financiero Galicia by 17.1% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 13,700 shares of the bank’s stock valued at $97,000 after buying an additional 2,000 shares during the last quarter. Finally, Tobam raised its position in Grupo Financiero Galicia by 73.4% in the 1st quarter. Tobam now owns 15,868 shares of the bank’s stock valued at $112,000 after buying an additional 6,715 shares during the last quarter. 17.47% of the stock is currently owned by institutional investors and hedge funds.
Grupo Financiero Galicia Company Profile (NASDAQ:GGAL)
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
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