Cantor Fitzgerald L. P. Purchases New Position in Grupo Financiero Galicia S.A. $GGAL

Cantor Fitzgerald L. P. purchased a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,507 shares of the bank’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in 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 acquiring an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 2,076 shares during the period. Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth approximately $110,000. Raymond James Financial Inc. bought a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth approximately $151,000. Finally, SG Americas Securities LLC purchased a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at approximately $165,000.

Analyst Upgrades and Downgrades

GGAL has been the topic of several research reports. Zacks Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Grupo Financiero Galicia has a consensus rating of “Hold” and a consensus price target of $65.50.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $43.87 on Friday. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $66.24. The company has a market cap of $6.47 billion, a P/E ratio of 22.16 and a beta of 1.48. The stock’s fifty day moving average price is $48.65 and its 200-day moving average price is $45.60.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Wednesday, March 4th. The bank reported ($0.36) EPS for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The business had revenue of $1.61 billion during the quarter. On average, sell-side analysts anticipate that Grupo Financiero Galicia S.A. will post 7.49 earnings per share for the current year.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were 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 4.2%. The ex-dividend date was Monday, March 2nd. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 93.43%.

About Grupo Financiero Galicia

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.