Banco BTG Pactual S.A. Buys Shares of 74,285 Grupo Financiero Galicia S.A. $GGAL

Banco BTG Pactual S.A. bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 74,285 shares of the bank’s stock, valued at approximately $4,007,000. Banco BTG Pactual S.A. owned approximately 0.05% of Grupo Financiero Galicia as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Polen Capital Management LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $1,153,000. Fox Run Management L.L.C. acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $561,000. Fiera Capital Corp acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $8,199,000. Havemeyer Place LP acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $562,000. Finally, State of Wyoming acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $74,000.

Wall Street Analysts Forecast Growth

GGAL has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Trading Up 11.7%

NASDAQ GGAL opened at $55.41 on Friday. The company has a market capitalization of $8.90 billion, a PE ratio of 24.41, a P/E/G ratio of 0.34 and a beta of 1.32. The company has a fifty day moving average of $45.91 and a 200 day moving average of $48.30. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year 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 posted its earnings results 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. Research analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 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. Investors 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) dividend on an annualized basis and a yield of 13.5%. Grupo Financiero Galicia’s payout ratio is currently 213.66%.

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.