Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Rating of “Hold” by Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $64.00.

Several brokerages have recently issued reports on GGAL. JPMorgan Chase & Co. decreased their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. Finally, Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th.

Grupo Financiero Galicia Trading Down 0.5%

Shares of GGAL opened at $55.16 on Monday. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $62.51. The business’s fifty day moving average is $46.08 and its 200-day moving average is $48.35. 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 firm has a market cap of $8.86 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 0.38 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.70 billion. Equities analysts anticipate that Grupo Financiero Galicia will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 13.6%. Grupo Financiero Galicia’s payout ratio is currently 214.10%.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Grupo Financiero Galicia by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock worth $114,188,000 after acquiring an additional 380,643 shares during the last quarter. Aquamarine Financial Cayman Ltd grew its position in Grupo Financiero Galicia by 57.9% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock worth $113,133,000 after acquiring an additional 767,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after acquiring an additional 664,533 shares during the last quarter. PointState Capital LP grew its position in Grupo Financiero Galicia by 170.6% during the 4th quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock worth $85,926,000 after acquiring an additional 1,004,371 shares during the last quarter. Finally, Mak Capital One LLC bought a new stake in Grupo Financiero Galicia during the 4th quarter worth $72,468,000.

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.