Grupo Financiero Galicia (NASDAQ:GGAL) Director Silvestre Vila Moret Purchases 175,824 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 175,824 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $959,999.04. Following the purchase, the director directly owned 2,776,000 shares in the company, valued at $15,156,960. This represents a 6.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, July 8th, Silvestre Vila Moret acquired 224,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.36 per share, for a total transaction of $1,200,640.00.
• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 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 bought 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 stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret purchased 125,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average price of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Stock Down 4.3%

GGAL stock opened at $51.41 on Tuesday. 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 market capitalization of $8.26 billion, a P/E ratio of 22.65, a P/E/G ratio of 0.37 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $62.51. The company’s 50 day simple moving average is $48.49 and its 200-day simple moving average is $48.48.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. As a group, equities research analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders 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 14.5%. Grupo Financiero Galicia’s payout ratio is currently 214.10%.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently modified their holdings of the stock. Amundi raised its holdings in shares of Grupo Financiero Galicia by 11.9% during the first quarter. Amundi now owns 149,789 shares of the bank’s stock worth $6,997,000 after acquiring an additional 15,962 shares in the last quarter. Royal Bank of Canada grew its stake in Grupo Financiero Galicia by 9.1% in the first quarter. Royal Bank of Canada now owns 44,531 shares of the bank’s stock valued at $2,080,000 after purchasing an additional 3,729 shares in the last quarter. Lazard Asset Management LLC grew its stake in Grupo Financiero Galicia by 4.8% in the first quarter. Lazard Asset Management LLC now owns 165,572 shares of the bank’s stock valued at $7,734,000 after purchasing an additional 7,603 shares in the last quarter. Turim 21 Investimentos Ltda. increased its position in Grupo Financiero Galicia by 74.4% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 41,586 shares of the bank’s stock worth $1,942,000 after purchasing an additional 17,746 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in Grupo Financiero Galicia in the 1st quarter worth about $7,879,000.

Wall Street Analysts Forecast Growth

GGAL has been the subject of several research analyst reports. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased 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 report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.33.

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.