Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases $884,258.57 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret bought 167,791 shares of the stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $5.27 per share, with a total value of $884,258.57. Following the purchase, the director owned 2,500,000 shares of the company’s stock, valued at approximately $13,175,000. This represents a 7.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 bought at an average cost 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 bought at an average price of $5.11 per share, for a total transaction of $511,000.00.
• On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The stock was bought at an average price of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret purchased 125,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average cost of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Price Performance

GGAL stock traded up $4.34 during trading on Friday, reaching $53.73. 1,808,483 shares of the company were exchanged, compared to its average volume of 948,477. The company has a 50-day moving average of $48.29 and a two-hundred day moving average of $48.54. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.37 and a beta of 1.34. Grupo Financiero Galicia S.A. has a twelve month low of $25.89 and a twelve 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. As a group, equities analysts predict that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 214.10%.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently modified their holdings of GGAL. Rockefeller Capital Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth $39,000. 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 purchasing an additional 2,076 shares during the last quarter. State of Wyoming acquired a new position in Grupo Financiero Galicia during the 4th quarter worth about $74,000. Leonteq Securities AG lifted its holdings in Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after buying an additional 1,729 shares during the period. Finally, Acuitas Investments LLC bought a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at about $110,000.

Analyst Upgrades and Downgrades

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

Grupo Financiero Galicia News Summary

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.

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.