Grupo Financiero Galicia S.A. $GGAL Shares Acquired by UBS Group AG

UBS Group AG lifted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 146.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 782,969 shares of the bank’s stock after purchasing an additional 465,639 shares during the period. UBS Group AG’s holdings in Grupo Financiero Galicia were worth $42,233,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after acquiring an additional 533 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,076 shares during the period. Acuitas Investments LLC acquired a new position in shares of Grupo Financiero Galicia during the third quarter valued at approximately $110,000. Raymond James Financial Inc. acquired a new position in shares of Grupo Financiero Galicia during the second quarter valued at approximately $151,000. Finally, SG Americas Securities LLC acquired a new position in shares of Grupo Financiero Galicia during the third quarter valued at approximately $165,000.

Grupo Financiero Galicia Trading Up 6.8%

Shares of NASDAQ:GGAL opened at $43.44 on Thursday. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 21.94 and a beta of 1.27. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $65.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50 day moving average price of $44.97 and a 200 day moving average price of $48.92.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share for the quarter. The business had revenue of $666.89 million for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. On average, research analysts anticipate that Grupo Financiero Galicia S.A. will post 3.66 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, May 11th will be paid a $0.6229 dividend. The ex-dividend date of this dividend is Monday, May 11th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 99.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. Finally, Zacks Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia has an average rating of “Hold” and a consensus price target of $65.50.

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.