Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Rating of “Hold” by Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have received a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $65.50.

GGAL has been the topic of a number of research analyst reports. Zacks Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its position in 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 buying an additional 533 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after acquiring an additional 2,076 shares during the period. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $74,000. Finally, Acuitas Investments LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $110,000.

Grupo Financiero Galicia Price Performance

Shares of GGAL stock opened at $46.71 on Wednesday. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $66.24. The firm has a market cap of $6.89 billion, a PE ratio of 23.59 and a beta of 1.48. The company has a 50-day moving average of $47.36 and a two-hundred day moving average of $46.27.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share (EPS) for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The company had revenue of $666.89 million during the quarter. Sell-side analysts anticipate that Grupo Financiero Galicia will post 7.49 EPS for the current fiscal year.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 6th. Stockholders of record on Monday, March 30th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 30th. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.1%. Grupo Financiero Galicia’s payout ratio is 96.97%.

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.