Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives $68.33 Consensus PT from Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $68.3333.

GGAL has been the subject of several research analyst reports. Weiss Ratings cut Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $43.91 on Friday. The company has a market capitalization of $7.05 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 0.24 and a beta of 1.36. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $62.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The company’s fifty day moving average price is $48.75 and its 200 day moving average price is $47.01.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, analysts expect that Grupo Financiero Galicia will post 3.75 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.0531 per share. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 24th. Grupo Financiero Galicia’s dividend payout ratio is presently 25.55%.

Insiders Place Their Bets

In related news, Director Silvestre Vila Moret purchased 224,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of $5.36 per share, for a total transaction of $1,200,640.00. Following the transaction, the director directly owned 3,000,000 shares of the company’s stock, valued at approximately $16,080,000. This trade represents a 8.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 802,791 shares of company stock valued at $4,253,109.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Grupo Financiero Galicia by 149.5% in the 1st quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock valued at $490,000 after acquiring an additional 5,394 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Grupo Financiero Galicia by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Grupo Financiero Galicia by 1.9% during the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock valued at $596,000 after purchasing an additional 226 shares during the period. JPMorgan Chase & Co. increased its position in shares of Grupo Financiero Galicia by 93.2% during the second quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock valued at $3,794,000 after purchasing an additional 36,326 shares during the period. Finally, Marshall Wace LLP bought a new position in Grupo Financiero Galicia in the second quarter worth $5,299,000.

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.