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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.20.

Several brokerages have weighed in on GGAL. Itau BBA Securities began coverage on Grupo Financiero Galicia in a research report on Tuesday, May 20th. They set an “outperform” rating and a $70.00 price target on the stock. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of institutional investors have recently modified their holdings of GGAL. Townsquare Capital LLC boosted its holdings in Grupo Financiero Galicia by 1.2% in the 4th quarter. Townsquare Capital LLC now owns 22,975 shares of the bank’s stock worth $1,432,000 after buying an additional 283 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Grupo Financiero Galicia by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank’s stock worth $165,000 after buying an additional 304 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Grupo Financiero Galicia by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank’s stock worth $1,683,000 after buying an additional 483 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter worth about $34,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Grupo Financiero Galicia by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank’s stock worth $380,000 after buying an additional 618 shares during the last quarter.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $54.15 on Friday. The business’s 50-day moving average is $59.17 and its two-hundred day moving average is $60.45. The company has a market capitalization of $7.99 billion, a P/E ratio of 7.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. Grupo Financiero Galicia has a fifty-two week low of $23.53 and a fifty-two week high of $74.00.

Grupo Financiero Galicia Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.2631 per share. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 3.98%.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.