Eurizon Capital SGR S.p.A. Invests $1.68 Million in Grupo Financiero Galicia S.A. $GGAL

Eurizon Capital SGR S.p.A. purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,148 shares of the bank’s stock, valued at approximately $1,680,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in Grupo Financiero Galicia by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after acquiring an additional 226 shares in the last quarter. Geode Capital Management LLC lifted its position in Grupo Financiero Galicia by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after acquiring an additional 362 shares in the last quarter. Hantz Financial Services Inc. lifted 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 worth $26,000 after acquiring an additional 533 shares in the last quarter. Lazard Asset Management LLC lifted its position in Grupo Financiero Galicia by 1.0% during the 3rd quarter. Lazard Asset Management LLC now owns 65,810 shares of the bank’s stock worth $1,814,000 after acquiring an additional 677 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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 in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on GGAL. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Financiero Galicia currently has an average rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $50.33 on Wednesday. The business’s 50 day moving average is $45.06 and its two-hundred day moving average is $48.38. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $62.51. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.36 and a beta of 1.32. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 213.66%.

Grupo Financiero Galicia 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.