Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases $511,000.00 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret bought 100,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $511,000.00. Following the completion of the transaction, the director owned 2,600,000 shares in the company, valued at $13,286,000. This represents a 4.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 7th, Silvestre Vila Moret purchased 176 shares of Grupo Financiero Galicia stock. The stock was bought at an average price of $5.46 per share, with a total value of $960.96.
• On Tuesday, June 30th, Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock. The stock was bought at an average cost of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret acquired 10,000 shares of Grupo Financiero Galicia stock. The shares were 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 bought 125,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL traded up $4.34 during trading on Friday, reaching $53.73. The stock had a trading volume of 1,808,483 shares, compared to its average volume of 948,477. The stock has a market cap of $8.63 billion, a PE ratio of 23.67, a P/E/G ratio of 0.37 and a beta of 1.34. The firm’s 50 day moving average price is $48.29 and its two-hundred day moving average price is $48.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. 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 issued 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 the consensus estimate of $1.70 billion. On average, research analysts forecast that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

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

Grupo Financiero Galicia News Summary

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.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GGAL. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. boosted 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. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Grupo Financiero Galicia by 21.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock valued at $114,188,000 after acquiring an additional 380,643 shares during the period. Aquamarine Financial Cayman Ltd boosted its stake in Grupo Financiero Galicia by 57.9% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after purchasing an additional 767,309 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $97,629,000 after purchasing an additional 664,533 shares in the last quarter. PointState Capital LP increased 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 valued at $85,926,000 after purchasing an additional 1,004,371 shares during the period. Finally, Mak Capital One LLC bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $72,468,000.

Grupo Financiero Galicia Company 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.