Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Grupo Financiero Galicia (NASDAQ:GGALFree Report) from a strong sell rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on GGAL. JPMorgan Chase & Co. cut their price target on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.50.

View Our Latest Analysis on Grupo Financiero Galicia

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $40.79 on Thursday. The company has a 50-day simple moving average of $44.45 and a 200-day simple moving average of $49.25. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $6.55 billion, a PE ratio of 20.60, a P/E/G ratio of 0.29 and a beta of 1.27. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $65.48.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The bank reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $1.53 billion during the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. Equities research analysts predict that Grupo Financiero Galicia will post 3.69 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.6229 dividend. This represents a c) dividend on an annualized basis and a yield of 18.3%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 347.47%.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake 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. Geode Capital Management LLC grew its stake 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. Deltec Asset Management LLC grew its stake in Grupo Financiero Galicia by 1.6% in the 1st quarter. Deltec Asset Management LLC now owns 25,900 shares of the bank’s stock valued at $1,210,000 after acquiring an additional 400 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after acquiring an additional 533 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Grupo Financiero Galicia by 1.0% in the 3rd quarter. Lazard Asset Management LLC now owns 65,810 shares of the bank’s stock valued at $1,814,000 after acquiring an additional 677 shares during the last quarter.

Grupo Financiero Galicia Company Profile

(Get Free Report)

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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Analyst Recommendations for Grupo Financiero Galicia (NASDAQ:GGAL)

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