Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.00.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock 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. Itau BBA Securities lowered Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 3rd. Weiss Ratings cut Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, UBS Group reduced their target price on Grupo Financiero Galicia from $60.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday.
Read Our Latest Report on GGAL
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. ABS Direct Equity Fund LLC acquired a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at $3,394,000. Carrhae Capital LLP bought a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at $68,052,000. RWC Asset Advisors US LLC raised 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 worth $25,893,000 after buying an additional 177,574 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in Grupo Financiero Galicia during the 1st quarter worth $934,000. Finally, Moerus Capital Management LLC acquired a new stake in Grupo Financiero Galicia during the 1st quarter worth $8,179,000.
Grupo Financiero Galicia Stock Performance
Shares of GGAL stock opened at $36.02 on Friday. The firm’s 50 day moving average price is $41.16 and its two-hundred day moving average price is $45.72. Grupo Financiero Galicia has a 52-week low of $31.14 and a 52-week high of $62.51. The stock has a market cap of $5.79 billion, a PE ratio of 14.70, a PEG ratio of 0.19 and a beta of 1.29.
Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) last issued its earnings results on Tuesday, August 25th. The bank reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $1.87 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 3.88 earnings per share for the current fiscal year.
Grupo Financiero Galicia Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 28th were given a $0.0479 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.6%. This is a negative change from Grupo Financiero Galicia’s previous monthly dividend of $0.0531. Grupo Financiero Galicia’s dividend payout ratio is 23.27%.
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. The group provides banking services to individuals, businesses, agricultural producers and other organizations throughout Argentina.
Its offerings include deposit accounts, personal and commercial loans, credit and debit cards, payment services, foreign trade finance, investment products and electronic banking. Through its affiliated businesses, the group also provides insurance, asset management, brokerage and other capital-markets services, as well as digital financial solutions.
Banco Galicia traces its origins to 1905, while Grupo Financiero Galicia was established in 1999 as a holding company for financial-services businesses.
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