Fiera Capital Corp Takes $8.20 Million Position in Grupo Financiero Galicia S.A. $GGAL

Fiera Capital Corp purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 151,993 shares of the bank’s stock, valued at approximately $8,199,000. Fiera Capital Corp owned 0.10% of Grupo Financiero Galicia as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GGAL. TT International Asset Management LTD acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $47,035,000. Aquamarine Financial Cayman Ltd lifted its stake in shares of Grupo Financiero Galicia by 57.9% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after acquiring an additional 767,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Grupo Financiero Galicia by 52.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after acquiring an additional 664,533 shares during the period. Carrhae Capital LLP lifted its stake in shares of Grupo Financiero Galicia by 151.9% during the fourth quarter. Carrhae Capital LLP now owns 795,204 shares of the bank’s stock valued at $42,893,000 after acquiring an additional 479,504 shares during the period. Finally, UBS Group AG lifted its stake in shares of Grupo Financiero Galicia by 146.7% during the fourth quarter. UBS Group AG now owns 782,969 shares of the bank’s stock valued at $42,233,000 after acquiring an additional 465,639 shares during the period.

Grupo Financiero Galicia Stock Up 4.1%

Shares of Grupo Financiero Galicia stock opened at $49.99 on Wednesday. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $62.51. The business has a 50-day moving average of $45.60 and a two-hundred day moving average of $48.23. The company has a market capitalization of $8.03 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 0.33 and a beta of 1.32. 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 posted its quarterly earnings data 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). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate 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, equities analysts predict that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 214.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GGAL shares. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their target price on 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. Finally, Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.00.

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.