Grupo Financiero Galicia (NASDAQ:GGAL) Director Buys $52,500.00 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret acquired 10,000 shares of Grupo Financiero Galicia stock in a transaction on Monday, June 29th. The shares were purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the director directly owned 2,332,209 shares in the company, valued at $12,244,097.25. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 100,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.27 per share, for a total transaction of $884,258.57.
• On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Stock Down 1.7%

GGAL stock traded down $0.86 during trading on Thursday, hitting $49.39. 617,476 shares of the company’s stock traded hands, compared to its average volume of 1,129,484. The firm has a market capitalization of $7.93 billion, a P/E ratio of 21.76, a PEG ratio of 0.34 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $62.51. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $48.07 and a two-hundred day simple moving average of $48.50.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.70 billion. Sell-side analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.33.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of large investors have recently bought and sold shares of GGAL. Rockefeller Capital Management L.P. purchased a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 purchasing an additional 2,076 shares during the period. State of Wyoming purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $74,000. Leonteq Securities AG raised its position in shares of Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth about $110,000.

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.