Eurizon Capital SGR S.p.A. Buys Shares of 31,148 Grupo Financiero Galicia S.A. $GGAL

Eurizon Capital SGR S.p.A. bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,148 shares of the bank’s stock, valued at approximately $1,680,000.

A number of other institutional investors also recently made changes to their positions in GGAL. Hantz Financial Services Inc. raised its position in shares of Grupo Financiero Galicia by 131.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after acquiring an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position 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 acquiring an additional 2,076 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $110,000. Raymond James Financial Inc. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at approximately $151,000. Finally, Scientech Research LLC acquired a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $230,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $50.33 on Wednesday. The company has a market cap of $8.08 billion, a P/E ratio of 22.17, a PEG ratio of 0.36 and a beta of 1.32. The stock has a fifty day moving average price of $45.06 and a 200 day moving average price of $48.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company 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%. On average, research analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 earnings per share for the current year.

Grupo Financiero Galicia Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is presently 213.66%.

Grupo Financiero Galicia 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.