Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report)’s share price reached a new 52-week low on Monday. The company traded as low as $34.04 and last traded at $33.9090, with a volume of 203,882 shares trading hands. The stock had previously closed at $37.91.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Itau BBA Securities cut Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a report on Thursday, September 3rd. Finally, UBS Group decreased their price objective on Grupo Financiero Galicia from $60.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.
Grupo Financiero Galicia Stock Down 7.8%
The firm’s 50 day moving average price is $40.32 and its two-hundred day moving average price is $45.38. The firm has a market capitalization of $5.62 billion, a PE ratio of 14.21, a P/E/G ratio of 0.20 and a beta of 1.29.
Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The bank reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.70 billion. On average, sell-side analysts anticipate that Grupo Financiero Galicia S.A. will post 3.88 earnings per share for the current fiscal year.
Grupo Financiero Galicia Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, September 28th were paid a dividend of $0.0479 per share. The ex-dividend date was Monday, September 28th. This is a negative change from Grupo Financiero Galicia’s previous monthly dividend of $0.0531. This represents a $0.57 annualized dividend and a yield of 1.6%. Grupo Financiero Galicia’s payout ratio is presently 23.27%.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of large investors have recently bought and sold shares of GGAL. RWC Asset Management LLP boosted its stake in Grupo Financiero Galicia by 4.3% during the 3rd quarter. RWC Asset Management LLP now owns 890,348 shares of the bank’s stock valued at $33,157,000 after purchasing an additional 36,903 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth approximately $47,235,000. ABS Direct Equity Fund LLC acquired a new position in shares of Grupo Financiero Galicia during the second quarter valued at approximately $3,394,000. Carrhae Capital LLP acquired a new stake in Grupo Financiero Galicia in the second quarter worth approximately $68,052,000. Finally, RWC Asset Advisors US LLC boosted its stake in Grupo Financiero Galicia by 52.2% during the 2nd quarter. RWC Asset Advisors US LLC now owns 517,540 shares of the bank’s stock valued at $25,893,000 after purchasing an additional 177,574 shares in the last quarter.
Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA is an Argentine financial services holding company whose principal business is conducted through Banco de Galicia y Buenos Aires SAU., commonly known as Galicia. The group serves individuals, businesses, agricultural customers and public-sector entities across Argentina.
Through its banking operations, Galicia offers deposit accounts, consumer and commercial loans, credit and debit cards, payment services, cash management, foreign trade financing, investment products and digital banking services.
Featured Stories
- Five stocks we like better than Grupo Financiero Galicia
- Not All Tech Is Getting Crushed: 5 Names Holding Up Through the AI Sell-Off
- Actively Managed ETFs Are Giving In to the Price War—To the Benefit of Investors
- Valero’s Windfall Quarter Meets Washington’s Push for Cheaper Diesel
- 4 Small-Cap Stocks With Paths to Recovery After the Fed’s September Rate Hike
Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with MarketBeat.com's FREE daily email newsletter.
