175,098 Shares in Grupo Financiero Galicia S.A. $GGAL Purchased by Moerus Capital Management LLC

Moerus Capital Management LLC acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 175,098 shares of the bank’s stock, valued at approximately $8,179,000. Grupo Financiero Galicia makes up 3.0% of Moerus Capital Management LLC’s portfolio, making the stock its 10th largest position.

Other large investors also recently bought and sold shares of the company. Mak Capital One LLC purchased a new position in Grupo Financiero Galicia during the fourth quarter worth about $72,468,000. PointState Capital LP raised its stake 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 acquiring an additional 1,004,371 shares during the period. TT International Asset Management LTD purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $47,035,000. Aquamarine Financial Cayman Ltd lifted its holdings 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 worth $113,133,000 after acquiring an additional 767,309 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after purchasing an additional 664,533 shares during the period.

Insider Activity at Grupo Financiero Galicia

In related news, Director Silvestre Vila Moret acquired 224,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the transaction, the director owned 3,000,000 shares of the company’s stock, valued at $16,080,000. The trade was a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 802,791 shares of company stock valued at $4,253,109 in the last three months.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GGAL. JPMorgan Chase & Co. lifted their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. 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 research report on Thursday, May 14th. Finally, Weiss Ratings raised Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Grupo Financiero Galicia currently has an average rating of “Moderate Buy” and an average target price of $68.33.

Grupo Financiero Galicia Trading Down 5.8%

Shares of GGAL stock opened at $50.15 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 $8.06 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.36 and a beta of 1.34. The company has a 50 day moving average price of $49.87 and a 200 day moving average price of $48.29. Grupo Financiero Galicia S.A. 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 S.A. will post 3.74 EPS for the current fiscal year.

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.