Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Rating of “Hold” by Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Free Report) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.3333.

A number of equities analysts have issued reports on GGAL shares. JPMorgan Chase & Co. raised their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a report 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 downgraded shares of Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. 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.

Get Our Latest Stock Report on Grupo Financiero Galicia

Insider Buying and Selling at Grupo Financiero Galicia

In other news, Director Silvestre Vila Moret purchased 224,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the acquisition, the director directly owned 3,000,000 shares of the company’s stock, valued at approximately $16,080,000. This represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 802,791 shares of company stock worth $4,253,109 over the last quarter.

Institutional Trading of Grupo Financiero Galicia

Hedge funds have recently added to or reduced their stakes in the business. Quantitative Investment Management LLC bought a new position in Grupo Financiero Galicia during the second quarter worth about $490,000. Amundi increased its holdings in shares of Grupo Financiero Galicia by 11.9% in the first quarter. Amundi now owns 149,789 shares of the bank’s stock worth $6,997,000 after acquiring an additional 15,962 shares in the last quarter. Royal Bank of Canada raised its position in shares of Grupo Financiero Galicia by 9.1% during the first quarter. Royal Bank of Canada now owns 44,531 shares of the bank’s stock worth $2,080,000 after purchasing an additional 3,729 shares during the period. Lazard Asset Management LLC raised its position in shares of Grupo Financiero Galicia by 4.8% during the first quarter. Lazard Asset Management LLC now owns 165,572 shares of the bank’s stock worth $7,734,000 after purchasing an additional 7,603 shares during the period. Finally, Turim 21 Investimentos Ltda. lifted its holdings in shares of Grupo Financiero Galicia by 74.4% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 41,586 shares of the bank’s stock valued at $1,942,000 after purchasing an additional 17,746 shares in the last quarter.

Grupo Financiero Galicia Stock Up 1.1%

NASDAQ:GGAL opened at $41.45 on Friday. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $62.51. 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 firm has a market capitalization of $6.66 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.23 and a beta of 1.36. The stock’s fifty day simple moving average is $49.44 and its 200-day simple moving average is $47.22.

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Equities research analysts expect that Grupo Financiero Galicia will post 3.75 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.0531 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 1.5%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 25.99%.

Grupo Financiero Galicia Company Profile

(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.

Further Reading

Analyst Recommendations for Grupo Financiero Galicia (NASDAQ:GGAL)

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