Silvestre Vila Moret Buys 10,000 Shares of Grupo Financiero Galicia (NASDAQ:GGAL) Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret bought 10,000 shares of the stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the director directly owned 2,332,209 shares in the company, valued at $12,244,097.25. This trade represents a 0.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock. The shares were bought at an average cost of $5.27 per share, for a total transaction of $884,258.57.
• On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $53.73 on Friday. The stock’s 50-day moving average is $48.29 and its 200-day moving average is $48.54. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. Equities analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current 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 paid a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 13.9%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Financiero Galicia by 4,942.9% in the third 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. State of Wyoming acquired a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $74,000. Leonteq Securities AG raised its stake in Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,729 shares during the period. Finally, Acuitas Investments LLC purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $110,000.

Trending Headlines about Grupo Financiero Galicia

Here are the key news stories impacting Grupo Financiero Galicia this week:

• Positive Sentiment: Director Silvestre Vila Moret made several recent open-market purchases of GGAL shares, including a large 167,791-share buy and additional purchases on June 29, July 1, and July 7, signaling insider confidence in the company’s outlook. Article Title
• Neutral Sentiment: Analysts remain mixed on Grupo Financiero Galicia, with an average “Hold” rating and a consensus price target above the recent trading range, suggesting cautious optimism rather than a strong bullish call.
• Negative Sentiment: Recent results were weaker than expected, as the company missed both earnings and revenue estimates in its latest quarterly report, which may still be limiting enthusiasm for the shares despite the insider buying.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Financiero Galicia presently has a consensus rating of “Hold” and a consensus price target of $68.33.

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.