151,993 Shares in Grupo Financiero Galicia S.A. $GGAL Purchased by Fiera Capital Corp

Fiera Capital Corp purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 151,993 shares of the bank’s stock, valued at approximately $8,199,000.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Grupo Financiero Galicia by 4,942.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares in the last quarter. State of Wyoming bought a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $74,000. Acuitas Investments LLC bought a new position in Grupo Financiero Galicia in the third quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia in the second quarter valued at approximately $151,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on GGAL shares. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.00.

Grupo Financiero Galicia Stock Performance

GGAL opened at $49.99 on Wednesday. Grupo Financiero Galicia S.A. has a 12-month low of $25.89 and a 12-month high of $62.51. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.33 and a beta of 1.32. The business has a 50 day moving average of $45.60 and a 200-day moving average of $48.23. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data 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). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. On average, equities research analysts expect that Grupo Financiero Galicia S.A. will post 3.69 earnings per share for the current year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $0.6229 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 214.10%.

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.