Grupo Financiero Galicia (NASDAQ:GGAL) Stock Price Up 7.9% – Time to Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares were up 7.9% on Thursday . The company traded as high as $53.67 and last traded at $53.5340. Approximately 870,049 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 1,201,038 shares. The stock had previously closed at $49.62.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GGAL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. JPMorgan Chase & Co. decreased 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 lowered 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 investment 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’s stock. According to data from MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Stock Performance

The company’s fifty day moving average is $45.73 and its 200 day moving average is $48.24. The company has a market capitalization of $8.77 billion, a P/E ratio of 24.00, a P/E/G ratio of 0.35 and a beta of 1.32. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. As a group, equities analysts anticipate that Grupo Financiero Galicia S.A. will post 3.69 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. Investors of record on Monday, May 4th were issued 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 13.7%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares during the period. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia in the 4th quarter valued at $39,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 during the period. State of Wyoming bought a new position in Grupo Financiero Galicia in the 4th quarter valued at $74,000. Finally, Leonteq Securities AG boosted its holdings in 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 purchasing an additional 1,729 shares during the period.

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.