Grupo Financiero Galicia S.A. $GGAL Stock Holdings Raised by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC lifted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 848.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,540,187 shares of the bank’s stock after purchasing an additional 1,377,735 shares during the quarter. Grupo Financiero Galicia accounts for about 6.9% of RWC Asset Advisors US LLC’s holdings, making the stock its 8th largest holding. RWC Asset Advisors US LLC owned approximately 1.04% of Grupo Financiero Galicia worth $42,448,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Grupo Financiero Galicia by 149.5% in the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock worth $490,000 after buying an additional 5,394 shares in the last quarter. Systrade AG boosted its stake in shares of Grupo Financiero Galicia by 49.2% in the 2nd quarter. Systrade AG now owns 15,167 shares of the bank’s stock valued at $764,000 after purchasing an additional 5,000 shares in the last quarter. Diversified Trust Co bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter valued at $413,000. ABS Direct Equity Fund LLC raised its position in Grupo Financiero Galicia by 33.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 27,648 shares of the bank’s stock worth $1,393,000 after purchasing an additional 6,857 shares during the period. Finally, LBP AM SA lifted its stake in Grupo Financiero Galicia by 44.7% in the second quarter. LBP AM SA now owns 12,300 shares of the bank’s stock worth $620,000 after purchasing an additional 3,800 shares during the last quarter.

Grupo Financiero Galicia Stock Down 2.5%

Shares of Grupo Financiero Galicia stock opened at $55.06 on Tuesday. The business has a 50 day moving average of $52.76 and a 200 day moving average of $45.61. Grupo Financiero Galicia S.A. has a 52 week low of $25.89 and a 52 week high of $72.51. The company has a market cap of $8.12 billion, a PE ratio of 27.81 and a beta of 1.47.

Grupo Financiero Galicia Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, December 29th were given a $0.1423 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 3.1%. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio is 86.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group assumed coverage on Grupo Financiero Galicia in a research note on Wednesday, November 19th. They set a “hold” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their target price for the company from $46.00 to $75.00 in a report on Tuesday, October 28th. The Goldman Sachs Group raised Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Hsbc Global Res raised Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.25.

Grupo Financiero Galicia 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.