Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives $66.25 Average Price Target from Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $66.25.

A number of brokerages have weighed in on GGAL. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday, December 29th. HSBC assumed coverage on Grupo Financiero Galicia in a research note on Wednesday, October 1st. They issued a “buy” rating and a $60.00 target price for the company. Finally, The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th.

Grupo Financiero Galicia Trading Up 0.2%

GGAL stock opened at $56.46 on Friday. The company has a market cap of $8.33 billion, a PE ratio of 28.52 and a beta of 1.47. The stock has a 50-day moving average price of $52.87 and a two-hundred day moving average price of $45.59. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $73.25.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 29th were issued a $0.1423 dividend. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 3.0%. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 86.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings 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 during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after buying an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Grupo Financiero Galicia by 240.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock worth $61,000 after buying an additional 849 shares in the last quarter. Acuitas Investments LLC bought a new stake in shares of Grupo Financiero Galicia in the third quarter worth $110,000. Finally, Raymond James Financial Inc. acquired a new stake in Grupo Financiero Galicia in the second quarter valued at $151,000.

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.