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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $65.50.

Several research analysts have recently commented on the company. Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. UBS Group started coverage on Grupo Financiero Galicia in a research report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 price objective for the company. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group raised Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th.

Grupo Financiero Galicia Stock Down 4.6%

NASDAQ:GGAL opened at $44.85 on Friday. The firm has a market cap of $6.61 billion, a PE ratio of 22.65 and a beta of 1.44. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $66.24. The company’s 50-day moving average price is $51.85 and its two-hundred day moving average price is $45.85.

Grupo Financiero Galicia Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.1541 dividend. This is a boost from Grupo Financiero Galicia’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 2nd. Grupo Financiero Galicia’s payout ratio is presently 88.38%.

Institutional Trading of Grupo Financiero Galicia

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Grupo Financiero Galicia by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock worth $114,188,000 after purchasing an additional 380,643 shares during the last quarter. Aquamarine Financial Cayman Ltd increased its stake in shares of Grupo Financiero Galicia by 57.9% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after buying an additional 767,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after buying an additional 664,533 shares during the period. PointState Capital LP raised its position in shares of Grupo Financiero Galicia by 170.6% during the fourth quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock worth $85,926,000 after acquiring an additional 1,004,371 shares during the last quarter. Finally, RWC Asset Advisors US LLC lifted its stake in shares of Grupo Financiero Galicia by 848.1% during the third quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock valued at $42,448,000 after acquiring an additional 1,377,735 shares during the period.

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.