Grupo Financiero Galicia (NASDAQ:GGAL) Reaches New 1-Year Low – Should You Sell?

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) hit a new 52-week low on Monday. The stock traded as low as $34.04 and last traded at $33.9090, with a volume of 203,882 shares. The stock had previously closed at $37.91.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GGAL shares. UBS Group decreased their price target on Grupo Financiero Galicia from $60.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings lowered shares of Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, Itau BBA Securities lowered shares of Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $65.00.

Grupo Financiero Galicia Stock Performance

The stock has a market capitalization of $5.62 billion, a P/E ratio of 14.21, a PEG ratio of 0.20 and a beta of 1.29. The company’s fifty day simple moving average is $40.32 and its two-hundred day simple moving average is $45.38.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, August 25th. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.70 billion. On average, research analysts predict that Grupo Financiero Galicia S.A. will post 3.88 earnings per share for the current fiscal year.

Grupo Financiero Galicia Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 28th were issued a dividend of $0.0479 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.6%. This is a decrease from Grupo Financiero Galicia’s previous monthly dividend of $0.0531. The ex-dividend date was Monday, September 28th. Grupo Financiero Galicia’s dividend payout ratio is 23.27%.

Institutional Trading of Grupo Financiero Galicia

A number of large investors have recently bought and sold shares of GGAL. Carrhae Capital LLP purchased a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at $68,052,000. Robeco Institutional Asset Management B.V. purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth $47,235,000. RWC Asset Advisors US LLC grew its holdings in shares of Grupo Financiero Galicia by 52.2% during the second quarter. RWC Asset Advisors US LLC now owns 517,540 shares of the bank’s stock worth $25,893,000 after buying an additional 177,574 shares during the last quarter. Moerus Capital Management LLC acquired a new stake in Grupo Financiero Galicia during the 1st quarter worth approximately $8,179,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth $7,879,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA is an Argentine financial services holding company whose principal business is conducted through Banco de Galicia y Buenos Aires SAU., commonly known as Galicia. The group serves individuals, businesses, agricultural customers and public-sector entities across Argentina.

Through its banking operations, Galicia offers deposit accounts, consumer and commercial loans, credit and debit cards, payment services, cash management, foreign trade financing, investment products and digital banking services.