Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases $1,200,640.00 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Free Report) Director Silvestre Vila Moret bought 224,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the transaction, the director owned 3,000,000 shares of the company’s stock, valued at $16,080,000. The trade was a 8.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Silvestre Vila Moret also recently made the following trade(s):

  • On Tuesday, July 7th, Silvestre Vila Moret purchased 175,824 shares of Grupo Financiero Galicia stock. The stock was bought at an average cost of $5.46 per share, with a total value of $959,999.04.
  • On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.46 per share, with a total value of $960.96.
  • On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.11 per share, for a total transaction of $511,000.00.
  • On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.27 per share, for a total transaction of $884,258.57.
  • On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00.
  • On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Stock Up 3.7%

GGAL opened at $52.67 on Thursday. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51. The business has a 50-day moving average of $48.87 and a two-hundred day moving average of $48.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.34.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. On average, research analysts expect that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $0.6229 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 14.2%. Grupo Financiero Galicia’s payout ratio is presently 214.10%.

Analyst Ratings Changes

A number of research firms recently commented on GGAL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective 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. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.33.

Get Our Latest Analysis on GGAL

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently modified their holdings of GGAL. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia in the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd raised its position in shares of Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares in the last quarter. State of Wyoming bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth about $74,000. Leonteq Securities AG lifted its stake in shares of Grupo Financiero Galicia by 563.2% in 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 in the 3rd quarter worth approximately $110,000.

About Grupo Financiero Galicia

(Get Free Report)

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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