Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Declares $0.26 — Dividend

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) announced a — dividend on Tuesday, May 27th, Wall Street Journal reports. Stockholders of record on Tuesday, June 3rd will be given a dividend of 0.2631 per share by the bank on Tuesday, June 10th. The ex-dividend date of this dividend is Tuesday, June 3rd.

Grupo Financiero Galicia has raised its dividend payment by an average of 233.1% per year over the last three years.

Grupo Financiero Galicia Stock Down 2.3%

NASDAQ:GGAL traded down $1.44 during trading hours on Tuesday, hitting $61.42. The company’s stock had a trading volume of 1,088,592 shares, compared to its average volume of 1,101,615. Grupo Financiero Galicia has a 52-week low of $23.53 and a 52-week high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $9.06 billion, a P/E ratio of 9.06 and a beta of 1.79. The stock has a fifty day moving average of $58.23 and a 200-day moving average of $60.49.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Itau BBA Securities started coverage on Grupo Financiero Galicia in a report on Tuesday, May 20th. They issued an “outperform” rating and a $70.00 price target for the company. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Grupo Financiero Galicia stock. NewEdge Advisors LLC lifted its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 149.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,003 shares of the bank’s stock after acquiring an additional 5,394 shares during the period. NewEdge Advisors LLC’s holdings in Grupo Financiero Galicia were worth $490,000 at the end of the most recent reporting period.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.