USS Investment Management Ltd Purchases Shares of 189,544 Grupo Financiero Galicia S.A. $GGAL

USS Investment Management Ltd acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 189,544 shares of the bank’s stock, valued at approximately $10,214,000. USS Investment Management Ltd owned about 0.13% of Grupo Financiero Galicia as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Wyoming acquired a new position in Grupo Financiero Galicia during the fourth quarter worth $74,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 acquiring an additional 2,076 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Grupo Financiero Galicia in the second quarter valued at about $151,000. Hantz Financial Services Inc. grew its stake in shares of Grupo Financiero Galicia by 247.3% in the fourth quarter. Hantz Financial Services Inc. now owns 3,258 shares of the bank’s stock valued at $176,000 after acquiring an additional 2,320 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new position in shares of Grupo Financiero Galicia in the third quarter valued at about $110,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GGAL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.00.

Grupo Financiero Galicia Price Performance

GGAL opened at $55.96 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 0.38 and a beta of 1.32. The firm’s fifty day moving average price is $46.28 and its two-hundred day moving average price is $48.41. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted 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). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. As a group, analysts anticipate that Grupo Financiero Galicia S.A. will post 3.69 earnings per share for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.6229 dividend. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s payout ratio is currently 214.10%.

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.