Grupo Financiero Galicia (NASDAQ:GGAL) Director Silvestre Vila Moret Buys 167,791 Shares

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 167,791 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $5.27 per share, for a total transaction of $884,258.57. Following the completion of the transaction, the director directly owned 2,500,000 shares of the company’s stock, valued at $13,175,000. The trade was a 7.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.46 per share, for a total transaction of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The stock was bought at an average price of $5.11 per share, with a total value of $511,000.00.
• On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The stock was 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 acquired 125,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL opened at $49.39 on Friday. The stock’s fifty day moving average is $48.07 and its two-hundred day moving average is $48.50. The firm has a market capitalization of $7.93 billion, a P/E ratio of 21.76, a price-to-earnings-growth 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. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week 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 (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. On average, research analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current year.

Grupo Financiero Galicia Dividend Announcement

The company 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) dividend on an annualized basis and a dividend yield of 15.1%. Grupo Financiero Galicia’s dividend payout ratio is currently 214.10%.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently made changes to their positions in GGAL. Rockefeller Capital Management L.P. purchased a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $39,000. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $74,000. Leonteq Securities AG grew its stake in shares of Grupo Financiero Galicia by 563.2% in the first 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 buying an additional 2,076 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth about $151,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price target on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.33.

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.