Systrade AG Has $689,000 Stake in Grupo Financiero Galicia S.A. $GGAL

Systrade AG lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 64.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the bank’s stock after buying an additional 9,833 shares during the quarter. Grupo Financiero Galicia comprises about 0.5% of Systrade AG’s holdings, making the stock its 11th largest position. Systrade AG’s holdings in Grupo Financiero Galicia were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GGAL. SBI Securities Co. Ltd. boosted its position in Grupo Financiero Galicia by 240.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after acquiring an additional 849 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at about $151,000. Blue Trust Inc. boosted its position in shares of Grupo Financiero Galicia by 184.7% during the 2nd quarter. Blue Trust Inc. now owns 3,528 shares of the bank’s stock valued at $178,000 after purchasing an additional 2,289 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Grupo Financiero Galicia during the second quarter worth approximately $269,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Grupo Financiero Galicia in the second quarter worth approximately $386,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GGAL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday. Hsbc Global Res upgraded shares of Grupo Financiero Galicia to a “strong-buy” rating in a report on Wednesday, October 1st. HSBC assumed coverage on shares of Grupo Financiero Galicia in a research report on Wednesday, October 1st. They set a “buy” rating and a $60.00 target price for the company. Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Hold” and a consensus price target of $66.25.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $53.90 on Friday. The company has a market capitalization of $7.95 billion, a PE ratio of 27.22 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $48.14 and its 200-day moving average price is $45.70. Grupo Financiero Galicia S.A. has a twelve month low of $25.89 and a twelve month high of $74.00.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 29th will be issued a $0.1423 dividend. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. Grupo Financiero Galicia’s payout ratio is presently 85.35%.

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.