Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $0.30 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $693.54 million for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%.
Grupo Financiero Galicia Stock Performance
Shares of GGAL traded down $0.40 during midday trading on Wednesday, hitting $41.79. 957,125 shares of the stock traded hands, compared to its average volume of 1,092,875. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $65.48. The firm has a market capitalization of $6.71 billion, a PE ratio of 21.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50 day moving average price is $44.55 and its two-hundred day moving average price is $49.26.
Grupo Financiero Galicia Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 17.9%. Grupo Financiero Galicia’s payout ratio is 347.47%.
Analyst Ratings Changes
Check Out Our Latest Research Report on GGAL
Institutional Investors Weigh In On Grupo Financiero Galicia
Several institutional investors have recently bought and sold shares of GGAL. NewEdge Advisors LLC lifted its holdings in Grupo Financiero Galicia by 149.5% in the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock worth $490,000 after purchasing an additional 5,394 shares during the period. Geode Capital Management LLC lifted its holdings in Grupo Financiero Galicia by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock valued at $2,748,000 after acquiring an additional 362 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Grupo Financiero Galicia by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock valued at $596,000 after acquiring an additional 226 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Grupo Financiero Galicia by 93.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock valued at $3,794,000 after acquiring an additional 36,326 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $5,299,000.
Grupo Financiero Galicia Company Profile
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.
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