Verde Servicos Internacionais S.A. acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the bank’s stock, valued at approximately $934,000.
Several other hedge funds have also recently added to or reduced their stakes in GGAL. Price T Rowe Associates Inc. MD grew its holdings in Grupo Financiero Galicia by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock valued at $114,188,000 after buying an additional 380,643 shares during the last quarter. Aquamarine Financial Cayman Ltd lifted its holdings in shares of Grupo Financiero Galicia by 57.9% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock worth $113,133,000 after buying an additional 767,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Grupo Financiero Galicia by 52.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after buying an additional 664,533 shares during the last quarter. PointState Capital LP boosted its position in shares of 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 acquiring an additional 1,004,371 shares during the period. Finally, Mak Capital One LLC bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $72,468,000.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Finally, Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.00.
Grupo Financiero Galicia Trading Down 3.7%
Grupo Financiero Galicia stock opened at $51.35 on Wednesday. The business has a 50 day moving average price of $47.20 and a two-hundred day moving average price of $48.52. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 0.37 and a beta of 1.32. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51.
Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. As a group, equities analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current year.
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 paid a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 14.6%. Grupo Financiero Galicia’s payout ratio is currently 214.10%.
Grupo Financiero Galicia 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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