Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $64.00.

GGAL has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th.

Grupo Financiero Galicia Stock Up 5.2%

GGAL opened at $42.02 on Thursday. The business’s fifty day moving average is $44.39 and its two-hundred day moving average is $48.99. 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 $6.75 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 0.28 and a beta of 1.27. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $64.71.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings results on Wednesday, May 13th. The bank reported $0.30 earnings per share for the quarter. The business had revenue of $1.53 billion during the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. Analysts anticipate that Grupo Financiero Galicia will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) annualized dividend and a yield of 17.8%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 347.47%.

Institutional Trading of Grupo Financiero Galicia

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its position in Grupo Financiero Galicia by 131.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after purchasing an additional 533 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd lifted its holdings in Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares in the last quarter. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth about $74,000. Finally, Leonteq Securities AG grew its holdings in shares of Grupo Financiero Galicia by 563.2% during the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after buying an additional 1,729 shares in the last quarter.

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.