Investors Purchase Large Volume of Grupo Financiero Galicia Call Options (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of unusually large options trading on Tuesday. Stock investors bought 27,577 call options on the company. This is an increase of 130% compared to the typical volume of 11,997 call options.

Grupo Financiero Galicia Stock Down 0.4%

Shares of NASDAQ:GGAL opened at $49.83 on Thursday. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $74.00. The company has a market capitalization of $7.35 billion, a PE ratio of 25.17 and a beta of 1.45. The business has a fifty day moving average price of $47.76 and a two-hundred day moving average price of $45.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were issued a dividend of $0.1406 per share. This represents a c) annualized dividend and a yield of 3.4%. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, December 1st. Grupo Financiero Galicia’s dividend payout ratio is currently 85.35%.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of Grupo Financiero Galicia by 131.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after buying an additional 533 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,076 shares during the period. SBI Securities Co. Ltd. raised its stake in Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after acquiring an additional 849 shares during the period. Acuitas Investments LLC purchased a new stake in Grupo Financiero Galicia during the third quarter valued at about $110,000. Finally, Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia during the second quarter worth about $151,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $75.00 in a research note on Tuesday, October 28th. Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Thursday, August 28th. HSBC began coverage on shares of Grupo Financiero Galicia in a report on Wednesday, October 1st. They issued a “buy” rating and a $60.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Hold” and an average target price of $66.25.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.