Grupo Financiero Galicia S.A. $GGAL Stake Lifted by Systrade AG

Systrade AG raised its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 80.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,000 shares of the bank’s stock after purchasing an additional 20,000 shares during the quarter. Grupo Financiero Galicia comprises about 1.5% of Systrade AG’s holdings, making the stock its 8th biggest position. Systrade AG’s holdings in Grupo Financiero Galicia were worth $2,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RWC Asset Advisors US LLC boosted its position in Grupo Financiero Galicia by 848.1% during the third quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock worth $42,448,000 after acquiring an additional 1,377,735 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $97,629,000 after purchasing an additional 664,533 shares in the last quarter. RWC Asset Management LLP boosted its holdings in shares of Grupo Financiero Galicia by 240.3% during the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock worth $22,769,000 after purchasing an additional 583,403 shares during the last quarter. Banco BTG Pactual S.A. boosted its holdings in shares of Grupo Financiero Galicia by 198.3% during the 2nd quarter. Banco BTG Pactual S.A. now owns 487,916 shares of the bank’s stock worth $24,586,000 after purchasing an additional 324,358 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at approximately $8,701,000.

Grupo Financiero Galicia Stock Performance

Shares of Grupo Financiero Galicia stock opened at $45.45 on Tuesday. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 22.95 and a beta of 1.49. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $66.24. The stock has a 50 day moving average of $48.19 and a 200 day moving average of $45.75.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Wednesday, March 4th. The bank reported ($0.36) EPS for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.61 billion during the quarter. Analysts forecast that Grupo Financiero Galicia S.A. will post 7.49 EPS for the current year.

Grupo Financiero Galicia Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.16 per share. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from Grupo Financiero Galicia’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 30th. Grupo Financiero Galicia’s payout ratio is 93.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GGAL shares. Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. cut their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.50.

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.