Patriot Financial Group Insurance Agency LLC Takes $560,000 Position in Grupo Financiero Galicia S.A. $GGAL

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,992 shares of the bank’s stock, valued at approximately $560,000.

Other hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia during the 4th quarter worth $39,000. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 2,076 shares during the last quarter. State of Wyoming acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $74,000. Acuitas Investments LLC acquired a new position in shares of Grupo Financiero Galicia during the third quarter valued at $110,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Grupo Financiero Galicia during the second quarter valued at $151,000.

Analyst Ratings Changes

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

Grupo Financiero Galicia Trading Down 1.7%

Grupo Financiero Galicia stock opened at $50.03 on Wednesday. Grupo Financiero Galicia S.A. has a 12-month low of $25.89 and a 12-month high of $62.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The stock has a market capitalization of $8.04 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.35 and a beta of 1.32. The firm has a 50 day simple moving average of $47.30 and a 200-day simple moving average of $48.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results 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 the consensus estimate of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. As a group, equities research analysts expect that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders 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) annualized dividend and a dividend yield of 14.9%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

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.