Grupo Financiero Galicia (NASDAQ:GGAL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.34 and traded as high as $50.46. Grupo Financiero Galicia shares last traded at $49.95, with a volume of 667,536 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded shares of Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Grupo Financiero Galicia Trading Up 4.5%

The firm has a market capitalization of $8.55 billion, a P/E ratio of 23.45, a PEG ratio of 0.34 and a beta of 1.34. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $49.48 and a 200-day moving average of $48.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.70 billion. On average, equities research analysts predict that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. Grupo Financiero Galicia’s payout ratio is 213.66%.

Insider Buying and Selling

In related news, Director Silvestre Vila Moret bought 224,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the acquisition, the director owned 3,000,000 shares of the company’s stock, valued at $16,080,000. The trade was a 8.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 802,791 shares of company stock worth $4,253,109 over the last three months.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GGAL. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia in the fourth quarter valued at about $39,000. State of Wyoming acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at $74,000. Leonteq Securities AG boosted its position in shares of Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,729 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia during the second quarter worth $151,000.

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.