USS Investment Management Ltd Takes $10.21 Million Position in Grupo Financiero Galicia S.A. $GGAL

USS Investment Management Ltd purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 189,544 shares of the bank’s stock, valued at approximately $10,214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in Grupo Financiero Galicia by 4,942.9% in the third 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 bought a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $74,000. Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia in the third quarter worth approximately $110,000. Raymond James Financial Inc. bought a new position in shares of Grupo Financiero Galicia in the second quarter worth approximately $151,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Grupo Financiero Galicia by 247.3% in the fourth quarter. Hantz Financial Services Inc. now owns 3,258 shares of the bank’s stock worth $176,000 after purchasing an additional 2,320 shares during the last quarter.

Grupo Financiero Galicia Stock Performance

Shares of Grupo Financiero Galicia stock opened at $55.96 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $8.99 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.38 and a beta of 1.32. The business has a fifty day simple moving average of $46.28 and a two-hundred day simple moving average of $48.41. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. On average, equities analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 earnings per share 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. 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 13.4%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

Analyst Ratings Changes

GGAL has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. dropped their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia 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.