Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $68.3333.
Several equities research analysts recently weighed in on the stock. Itau BBA Securities lowered shares of Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. lifted their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings lowered Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th.
Get Our Latest Research Report on Grupo Financiero Galicia
Insiders Place Their Bets
Institutional Trading of Grupo Financiero Galicia
A number of large investors have recently modified their holdings of GGAL. ABS Direct Equity Fund LLC acquired a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $3,394,000. Carrhae Capital LLP acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth approximately $68,052,000. Verde Servicos Internacionais S.A. bought a new position in shares of Grupo Financiero Galicia in the first quarter valued at approximately $934,000. RWC Asset Advisors US LLC boosted its holdings in shares of Grupo Financiero Galicia by 52.2% in the second quarter. RWC Asset Advisors US LLC now owns 517,540 shares of the bank’s stock valued at $25,893,000 after acquiring an additional 177,574 shares in the last quarter. Finally, Moerus Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia during the first quarter valued at approximately $8,179,000.
Grupo Financiero Galicia Trading Down 1.2%
GGAL stock opened at $41.25 on Wednesday. The stock’s 50 day simple moving average is $45.70 and its 200 day simple moving average is $46.50. Grupo Financiero Galicia has a 12-month low of $26.06 and a 12-month high of $62.51. The firm has a market cap of $6.63 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.24 and a beta of 1.28.
Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The bank reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.70 billion. On average, research analysts forecast that Grupo Financiero Galicia will post 3.69 EPS for the current fiscal year.
Grupo Financiero Galicia Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 28th will be paid a dividend of $0.0479 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, September 28th. Grupo Financiero Galicia’s dividend payout ratio is presently 23.67%.
About Grupo Financiero Galicia
Grupo Financiero Galicia SA is an Argentina-based financial services holding company whose principal operating subsidiary is Banco de Galicia y Buenos Aires SAU. The group provides banking and related financial products to individuals, small and medium-sized businesses, corporate clients and agricultural customers in Argentina.
Through its banking operations, Grupo Financiero Galicia offers deposit accounts, personal and commercial loans, credit and debit cards, payment services, foreign trade financing, investment products and digital banking through online and mobile platforms.
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