Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Average Recommendation of “Hold” from Analysts

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $65.50.

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th.

Grupo Financiero Galicia Stock Down 0.9%

NASDAQ:GGAL opened at $41.79 on Thursday. The company has a market cap of $6.71 billion, a PE ratio of 21.11 and a beta of 1.27. Grupo Financiero Galicia has a twelve month low of $25.89 and a twelve month high of $65.48. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $44.55 and its two-hundred day moving average is $49.26.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings results on Wednesday, May 13th. The bank reported $0.30 earnings per share for the quarter. The company had revenue of $693.54 million for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. Analysts anticipate that Grupo Financiero Galicia will post 3.66 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.6229 dividend. This represents a c) annualized dividend and a dividend yield of 17.9%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is 347.47%.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after acquiring an additional 533 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $39,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,076 shares during the last quarter. State of Wyoming purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $74,000. Finally, Leonteq Securities AG boosted its holdings in shares of Grupo Financiero Galicia by 563.2% in the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,729 shares during the last quarter.

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.