Grupo Financiero Galicia Target of Unusually High Options Trading (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw unusually large options trading on Monday. Stock investors acquired 20,385 call options on the company. This is an increase of 130% compared to the average volume of 8,844 call options.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at $225,000. Whittier Trust Co. purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at $675,000. Banco Santander S.A. raised its position in Grupo Financiero Galicia by 578.7% in the 1st quarter. Banco Santander S.A. now owns 33,458 shares of the bank’s stock valued at $1,822,000 after buying an additional 28,528 shares during the last quarter. Diversified Trust Co purchased a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $413,000. Finally, Banco BTG Pactual S.A. raised its position in Grupo Financiero Galicia by 62.3% in the 1st quarter. Banco BTG Pactual S.A. now owns 163,558 shares of the bank’s stock valued at $8,909,000 after buying an additional 62,755 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $75.00 in a research report on Tuesday. Hsbc Global Res raised Grupo Financiero Galicia to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, October 8th. Zacks Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average price target of $74.25.

Grupo Financiero Galicia Trading Up 6.6%

NASDAQ GGAL opened at $52.40 on Wednesday. The firm has a market capitalization of $7.73 billion, a P/E ratio of 27.58 and a beta of 1.54. The business has a fifty day simple moving average of $34.36 and a 200 day simple moving average of $47.78. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $74.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be given a $0.1349 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 3rd. Grupo Financiero Galicia’s dividend payout ratio is presently 37.37%.

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.