Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have received an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $68.3333.

Several research firms have commented on GGAL. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th.

Grupo Financiero Galicia News Roundup

Here are the key news stories impacting Grupo Financiero Galicia this week:

• Positive Sentiment: Director Silvestre Vila Moret disclosed several open-market buys over the past two weeks, including a large purchase of 167,791 shares and additional smaller purchases on June 26, June 29, July 1, and July 7. Repeated insider buying often suggests confidence in the company’s outlook and can support the shares. Article Title
• Neutral Sentiment: The company continues to trade near recent moving averages, with analysts currently assigning an average “Hold” rating and a consensus target price above the recent trading range, indicating mixed but not overly bearish sentiment.
• Negative Sentiment: Recent fundamentals remain a headwind: GGAL last reported earnings below expectations, with EPS and revenue both missing analyst forecasts. That miss likely continues to weigh on investor sentiment despite the insider buying.

Grupo Financiero Galicia Trading Down 1.7%

Shares of GGAL stock opened at $49.39 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The stock has a market capitalization of $7.93 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.34. The company has a 50 day moving average price of $48.07 and a 200 day moving average price of $48.50. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Equities research analysts predict that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

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

Insider Activity

In related news, Director Silvestre Vila Moret acquired 167,791 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $5.27 per share, with a total value of $884,258.57. Following the completion of the transaction, the director owned 2,500,000 shares in the company, valued at $13,175,000. This represents a 7.19% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 402,967 shares of company stock valued at $2,092,470.

Institutional Trading of Grupo Financiero Galicia

Several hedge funds have recently added to or reduced their stakes in GGAL. Price T Rowe Associates Inc. MD lifted its stake in Grupo Financiero Galicia by 21.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock worth $114,188,000 after acquiring an additional 380,643 shares during the last quarter. Aquamarine Financial Cayman Ltd increased its position in shares of Grupo Financiero Galicia by 57.9% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after purchasing an additional 767,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after purchasing an additional 664,533 shares during the last quarter. PointState Capital LP raised its holdings in shares of Grupo Financiero Galicia by 170.6% in the 4th quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock valued at $85,926,000 after purchasing an additional 1,004,371 shares in the last quarter. Finally, Mak Capital One LLC acquired a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $72,468,000.

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.