Grupo Financiero Galicia (NASDAQ:GGAL) Director Silvestre Vila Moret Buys 224,000 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret acquired 224,000 shares of Grupo Financiero Galicia stock in a transaction that occurred on Wednesday, July 8th. The stock was acquired at an average cost of $5.36 per share, for a total transaction of $1,200,640.00. Following the purchase, the director owned 3,000,000 shares of the company’s stock, valued at $16,080,000. The trade was a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, July 7th, Silvestre Vila Moret acquired 175,824 shares of Grupo Financiero Galicia stock. The stock was bought at an average price of $5.46 per share, with a total value of $959,999.04.
• On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The shares were bought at an average cost of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 100,000 shares of Grupo Financiero Galicia stock. The shares were bought 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 stock was bought at an average price of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The stock was bought at an average cost of $5.25 per share, with a total value of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret acquired 125,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock opened at $51.41 on Tuesday. The stock’s 50 day moving average is $48.49 and its 200 day moving average is $48.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The firm has a market cap of $8.26 billion, a P/E ratio of 22.65, a P/E/G ratio of 0.37 and a beta of 1.34. 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 released 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 analyst estimates of $1.70 billion. As a group, research analysts expect that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given 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 14.5%. Grupo Financiero Galicia’s dividend payout ratio is 214.10%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Large investors have recently bought and sold shares of the stock. Mak Capital One LLC bought a new stake in Grupo Financiero Galicia in the fourth quarter valued at $72,468,000. PointState Capital LP boosted its position in shares of Grupo Financiero Galicia by 170.6% during the 4th quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock worth $85,926,000 after purchasing an additional 1,004,371 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $47,035,000. Aquamarine Financial Cayman Ltd increased its position in Grupo Financiero Galicia by 57.9% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after buying an additional 767,309 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after buying an additional 664,533 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GGAL shares. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. lifted 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. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.33.

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.