Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives $65.50 Average Target Price from Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $65.50.

A number of brokerages recently weighed in on GGAL. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. Zacks Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. UBS Group began coverage on shares of Grupo Financiero Galicia in a research note on Wednesday, November 19th. They set a “hold” rating and a $60.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th.

Grupo Financiero Galicia Trading Down 3.4%

Shares of GGAL traded down $1.45 during trading hours on Friday, hitting $41.74. The company had a trading volume of 1,632,126 shares, compared to its average volume of 1,337,596. The company has a market capitalization of $6.16 billion, a PE ratio of 21.08 and a beta of 1.48. Grupo Financiero Galicia has a one year low of $25.89 and a one year high of $66.24. The company’s fifty day moving average price is $50.75 and its two-hundred day moving average price is $45.61.

Grupo Financiero Galicia Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be given a dividend of $0.1541 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.15. Grupo Financiero Galicia’s dividend payout ratio is currently 93.43%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several institutional investors have recently added to or reduced their stakes in GGAL. Hantz Financial Services Inc. raised its position 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 purchasing an additional 533 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after purchasing an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after purchasing an additional 849 shares in the last quarter. State of Wyoming purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth $74,000. Finally, Acuitas Investments LLC purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $110,000.

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.