Insider Buying: Grupo Financiero Galicia (NASDAQ:GGAL) Director Purchases 125,000 Shares

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret acquired 125,000 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were bought at an average cost of $5.15 per share, for a total transaction of $643,750.00. Following the completion of the acquisition, the director owned 2,322,209 shares of the company’s stock, valued at approximately $11,959,376.35. This represents a 5.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret purchased 176 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.46 per share, for a total transaction of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 100,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.27 per share, with a total value of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret acquired 10,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00.

Grupo Financiero Galicia Trading Down 1.7%

Shares of NASDAQ GGAL traded down $0.86 during midday trading on Thursday, reaching $49.39. 617,476 shares of the stock were exchanged, compared to its average volume of 1,129,484. The stock has a market capitalization of $7.93 billion, a P/E ratio of 21.76, a PEG ratio of 0.34 and a beta of 1.34. 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 50 day simple moving average of $48.07 and a 200 day simple moving average of $48.50. Grupo Financiero Galicia S.A. has a twelve month low of $25.89 and a twelve month high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data 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). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. As a group, equities analysts expect that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.6229 dividend. This represents a c) dividend on an annualized basis and a yield of 15.1%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is 214.10%.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mak Capital One LLC purchased a new position in Grupo Financiero Galicia during the fourth quarter worth about $72,468,000. PointState Capital LP lifted its holdings in shares of 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 period. TT International Asset Management LTD acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $47,035,000. Aquamarine Financial Cayman Ltd boosted its position in shares of Grupo Financiero Galicia by 57.9% in the fourth 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Grupo Financiero Galicia by 52.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after purchasing an additional 664,533 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. raised their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Financiero Galicia has an average rating of “Hold” and an average price target of $68.33.

About Grupo Financiero Galicia

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.