Grupo Financiero Galicia Target of Unusually High Options Trading (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of some unusual options trading on Tuesday. Traders bought 27,577 call options on the stock. This is an increase of 130% compared to the average daily volume of 11,997 call options.

Grupo Financiero Galicia Price Performance

GGAL traded up $0.19 on Tuesday, hitting $50.06. 1,427,807 shares of the company were exchanged, compared to its average volume of 1,862,811. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $74.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $7.38 billion, a P/E ratio of 25.35 and a beta of 1.45. The business’s fifty day moving average is $46.88 and its 200 day moving average is $45.67.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $0.1406 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.13. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 85.35%.

Wall Street Analysts Forecast Growth

GGAL has been the topic of a number of recent research reports. UBS Group began coverage on Grupo Financiero Galicia in a report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 target price on the stock. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday, December 8th. Zacks Research lowered shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th. Finally, Hsbc Global Res raised shares of Grupo Financiero Galicia to a “strong-buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Hold” and a consensus price target of $66.25.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after purchasing an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 worth $58,000 after buying an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock worth $61,000 after buying an additional 849 shares in the last quarter. Acuitas Investments LLC purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth about $110,000. Finally, Raymond James Financial Inc. acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $151,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.