Brokerages Set Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Price Target at $67.00

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $74.25.

A number of equities analysts have commented on GGAL shares. HSBC initiated coverage on shares of Grupo Financiero Galicia in a report on Wednesday, October 1st. They issued a “buy” rating and a $60.00 price objective for the company. Hsbc Global Res upgraded Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup downgraded Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 10th. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th.

Institutional Trading of Grupo Financiero Galicia

A number of large investors have recently modified their holdings of GGAL. RWC Asset Advisors US LLC increased its holdings in shares of Grupo Financiero Galicia by 848.1% in the 3rd quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock worth $42,448,000 after acquiring an additional 1,377,735 shares during the period. PointState Capital LP increased its holdings in shares of Grupo Financiero Galicia by 160.5% in the 1st quarter. PointState Capital LP now owns 1,504,157 shares of the bank’s stock worth $81,931,000 after acquiring an additional 926,820 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after acquiring an additional 664,533 shares during the period. RWC Asset Management LLP increased its holdings in shares of Grupo Financiero Galicia by 240.3% in the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock worth $22,769,000 after acquiring an additional 583,403 shares during the period. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Grupo Financiero Galicia by 90.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 893,965 shares of the bank’s stock worth $45,047,000 after acquiring an additional 424,693 shares during the period.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $53.78 on Friday. The company has a market cap of $7.93 billion, a PE ratio of 28.31 and a beta of 1.54. The company has a fifty day moving average price of $34.69 and a two-hundred day moving average price of $47.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $74.00.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a $0.1349 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, November 3rd. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 37.37%.

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.