Grupo Financiero Galicia Sees Unusually Large Options Volume (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 9,125 put options on the company. This is an increase of 338% compared to the average volume of 2,082 put options.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.33.

Read Our Latest Stock Analysis on Grupo Financiero Galicia

Hedge Funds Weigh In On Grupo Financiero Galicia

Several hedge funds have recently made changes to their positions in the business. Mak Capital One LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at $72,468,000. PointState Capital LP grew its stake in Grupo Financiero Galicia by 170.6% in the fourth quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock valued at $85,926,000 after purchasing an additional 1,004,371 shares in the last quarter. TT International Asset Management LTD bought a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $47,035,000. Aquamarine Financial Cayman Ltd increased its position in shares of Grupo Financiero Galicia by 57.9% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock worth $113,133,000 after purchasing an additional 767,309 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Grupo Financiero Galicia by 52.2% during 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 purchasing an additional 664,533 shares in the last quarter.

Grupo Financiero Galicia Stock Down 4.3%

GGAL stock traded down $2.14 during mid-day trading on Wednesday, hitting $47.89. 459,139 shares of the company were exchanged, compared to its average volume of 1,215,295. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $62.51. The firm’s 50 day simple moving average is $47.30 and its 200 day simple moving average is $48.51. The firm has a market cap of $7.69 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.35 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. On average, sell-side analysts predict that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.

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 $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s payout ratio is 214.10%.

About Grupo Financiero Galicia

(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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