Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $68.3333.
Several equities analysts have weighed in on GGAL shares. JPMorgan Chase & Co. increased 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. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th.
Check Out Our Latest Research Report on GGAL
Grupo Financiero Galicia Stock Down 3.6%
Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, sell-side analysts predict that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.
Grupo Financiero Galicia Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a yield of 14.6%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 214.10%.
Hedge Funds Weigh In On Grupo Financiero Galicia
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in Grupo Financiero Galicia by 149.5% in the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock valued at $490,000 after purchasing an additional 5,394 shares in the last quarter. Geode Capital Management LLC lifted its position in Grupo Financiero Galicia by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after buying an additional 362 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Grupo Financiero Galicia by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after buying an additional 226 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Grupo Financiero Galicia by 93.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock worth $3,794,000 after buying an additional 36,326 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth about $5,299,000.
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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