Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) Director Silvestre Vila Moret acquired 125,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of $5.15 per share, with a total value of $643,750.00. Following the acquisition, the director owned 2,322,209 shares in the company, valued at $11,959,376.35. The trade was a 5.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Silvestre Vila Moret also recently made the following trade(s):
- On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The shares were purchased at an average price of $5.46 per share, for a total transaction of $960.96.
- On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.11 per share, with a total value of $511,000.00.
- On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.27 per share, with a total value of $884,258.57.
- On Monday, June 29th, Silvestre Vila Moret acquired 10,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average price of $5.25 per share, for a total transaction of $52,500.00.
Grupo Financiero Galicia Stock Down 1.7%
Shares of GGAL stock opened at $49.39 on Friday. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $62.51. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 0.34 and a beta of 1.34. The firm’s 50-day moving average is $48.07 and its 200-day moving average is $48.50. 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 Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders 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 yield of 15.1%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Finally, Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.33.
Read Our Latest Stock Report on GGAL
Key Stories Impacting Grupo Financiero Galicia
Here are the key news stories impacting Grupo Financiero Galicia this week:
- Positive Sentiment: Director Silvestre Vila Moret disclosed several open-market buys over the past two weeks, including a large purchase of 167,791 shares and additional smaller purchases on June 26, June 29, July 1, and July 7. Repeated insider buying often suggests confidence in the company’s outlook and can support the shares. Article Title
- Neutral Sentiment: The company continues to trade near recent moving averages, with analysts currently assigning an average “Hold” rating and a consensus target price above the recent trading range, indicating mixed but not overly bearish sentiment.
- Negative Sentiment: Recent fundamentals remain a headwind: GGAL last reported earnings below expectations, with EPS and revenue both missing analyst forecasts. That miss likely continues to weigh on investor sentiment despite the insider buying.
Institutional Trading of Grupo Financiero Galicia
Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at about $39,000. Caitong International Asset Management Co. Ltd increased its holdings in Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after buying an additional 2,076 shares during the period. State of Wyoming acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $74,000. Leonteq Securities AG lifted its holdings in shares of Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after acquiring an additional 1,729 shares during the period. Finally, Acuitas Investments LLC acquired a new stake in shares of Grupo Financiero Galicia during the 3rd quarter worth approximately $110,000.
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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