Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases $643,750.00 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 125,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $643,750.00. Following the completion of the transaction, the director directly owned 2,322,209 shares of the company’s stock, valued at $11,959,376.35. This represents a 5.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret acquired 100,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.27 per share, with a total value of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL traded up $4.34 during midday trading on Friday, reaching $53.73. The company’s stock had a trading volume of 1,808,483 shares, compared to its average volume of 948,477. The stock has a market capitalization of $8.63 billion, a P/E ratio of 23.67, a PEG ratio of 0.37 and a beta of 1.34. 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 50 day moving average price of $48.29 and a 200-day moving average price of $48.54. Grupo Financiero Galicia S.A. has a 12-month low of $25.89 and a 12-month high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate 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 year.

Grupo Financiero Galicia Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GGAL shares. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price target on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $68.33.

Grupo Financiero Galicia News Roundup

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.

Institutional Investors Weigh In On Grupo Financiero Galicia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Grupo Financiero Galicia by 149.5% during the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock valued at $490,000 after purchasing an additional 5,394 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Grupo Financiero Galicia by 0.7% in the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Grupo Financiero Galicia by 1.9% in the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after purchasing an additional 226 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Grupo Financiero Galicia by 93.2% in the second quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock valued at $3,794,000 after purchasing an additional 36,326 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $5,299,000.

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.