Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $68.3333.

Several research analysts recently issued reports on the company. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings raised Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st.

Insider Activity at Grupo Financiero Galicia

In other news, Director Silvestre Vila Moret acquired 224,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the transaction, the director directly owned 3,000,000 shares in the company, valued at approximately $16,080,000. This represents a 8.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought 802,791 shares of company stock worth $4,253,109 in the last ninety days.

Institutional Trading of Grupo Financiero Galicia

A number of hedge funds have recently bought and sold shares of GGAL. Cetera Investment Advisers lifted its stake in Grupo Financiero Galicia by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after acquiring an additional 226 shares in the last quarter. Geode Capital Management LLC grew its position in Grupo Financiero Galicia by 0.7% during the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock valued at $2,748,000 after purchasing an additional 362 shares in the last quarter. Deltec Asset Management LLC grew its position in Grupo Financiero Galicia by 1.6% during the first quarter. Deltec Asset Management LLC now owns 25,900 shares of the bank’s stock valued at $1,210,000 after purchasing an additional 400 shares in the last quarter. Lazard Asset Management LLC increased its stake in Grupo Financiero Galicia by 1.0% in the 3rd quarter. Lazard Asset Management LLC now owns 65,810 shares of the bank’s stock valued at $1,814,000 after buying an additional 677 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Grupo Financiero Galicia by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 32,382 shares of the bank’s stock valued at $1,513,000 after buying an additional 686 shares during the period.

Grupo Financiero Galicia Stock Up 1.5%

GGAL opened at $50.51 on Tuesday. The business’s fifty day moving average is $50.94 and its two-hundred day moving average is $48.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 0.28 and a beta of 1.36. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Analysts anticipate that Grupo Financiero Galicia will post 3.75 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.0531 per share. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

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.