Alphadyne Asset Management LP Boosts Position in Grupo Financiero Galicia S.A. $GGAL

Alphadyne Asset Management LP boosted its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 66.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,048 shares of the bank’s stock after buying an additional 20,048 shares during the quarter. Grupo Financiero Galicia accounts for about 0.1% of Alphadyne Asset Management LP’s portfolio, making the stock its 24th largest holding. Alphadyne Asset Management LP’s holdings in Grupo Financiero Galicia were worth $2,700,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers raised 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 buying an additional 226 shares during the last quarter. Geode Capital Management LLC raised 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 buying an additional 362 shares during the last quarter. Lazard Asset Management LLC raised 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 buying an additional 677 shares during the last quarter. State of Wyoming purchased a new position in Grupo Financiero Galicia during the 4th quarter worth approximately $74,000. Finally, Caitong International Asset Management Co. Ltd raised 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 buying an additional 2,076 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. Wall Street Zen cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $55.55 on Thursday. The firm has a market cap of $8.92 billion, a PE ratio of 24.47, a PEG ratio of 0.38 and a beta of 1.32. The firm has a fifty day moving average of $46.63 and a 200 day moving average of $48.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. Grupo Financiero Galicia S.A. has a one year low of $25.89 and a one year high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. As a group, research analysts predict 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. Stockholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. Grupo Financiero Galicia’s dividend payout ratio is presently 213.66%.

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.