Grupo Financiero Galicia S.A. (GGAL) to Issue Dividend of $0.62 on May 8th

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) declared a dividend on Thursday, April 30th, NASDAQ Dividends reports. Investors of record on Monday, May 11th will be given a dividend of 0.6229 per share by the bank on Friday, May 8th. The ex-dividend date is Monday, May 11th.

Grupo Financiero Galicia has raised its dividend by an average of 1.0%annually over the last three years. Grupo Financiero Galicia has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Grupo Financiero Galicia to earn $6.43 per share next year, which means the company may not be able to cover its $6.88 annual dividend with an expected future payout ratio of 107.0%.

Grupo Financiero Galicia Trading Down 3.0%

GGAL stock traded down $1.28 during trading on Friday, hitting $41.96. The company had a trading volume of 814,748 shares, compared to its average volume of 1,054,040. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.74 billion, a P/E ratio of 21.19 and a beta of 1.27. The company has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $49.00. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $65.48.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Saturday, February 14th. The bank reported ($0.36) EPS for the quarter. The business had revenue of $666.89 million for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. As a group, research analysts forecast that Grupo Financiero Galicia will post 3.66 earnings per share for the current fiscal year.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors have recently modified their holdings of GGAL. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after buying an additional 533 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grupo Financiero Galicia by 4,942.9% in 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 in the last quarter. State of Wyoming bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $74,000. Finally, Leonteq Securities AG boosted its holdings in shares of Grupo Financiero Galicia by 563.2% in the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after buying an additional 1,729 shares in the last quarter.

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.