Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Rating of “Hold” from Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $68.3333.

GGAL has been the topic of a number of research analyst reports. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. purchased a new position in Grupo Financiero Galicia in the fourth quarter valued at $39,000. Caitong International Asset Management Co. Ltd raised its position in Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares in the last quarter. State of Wyoming acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at about $74,000. Leonteq Securities AG boosted its stake in shares of Grupo Financiero Galicia by 563.2% in the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after buying an additional 1,729 shares during the period. Finally, Acuitas Investments LLC purchased a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at about $110,000.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL opened at $50.37 on Friday. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $62.51. The stock has a market cap of $8.09 billion, a PE ratio of 22.19, a P/E/G ratio of 0.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The stock has a 50 day moving average price of $47.37 and a 200 day moving average price of $48.52.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued 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 during the quarter, compared to analyst estimates of $1.70 billion. Equities research analysts expect that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders 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) dividend on an annualized basis and a yield of 14.8%. Grupo Financiero Galicia’s dividend payout ratio is 214.10%.

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.