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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.3333.

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price objective on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st.

Grupo Financiero Galicia Stock Down 3.6%

Grupo Financiero Galicia stock opened at $49.77 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The business’s 50-day simple moving average is $50.80 and its two-hundred day simple moving average is $48.12. The company has a market cap of $7.99 billion, a PE ratio of 21.93, a PEG ratio of 0.28 and a beta of 1.34. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. Equities analysts anticipate that Grupo Financiero Galicia will post 3.75 EPS for the current year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a dividend of $0.0531 per share. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. Grupo Financiero Galicia’s payout ratio is currently 214.10%.

Insider Buying and Selling

In other Grupo Financiero Galicia news, Director Silvestre Vila Moret purchased 224,000 shares of the stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the acquisition, the director owned 3,000,000 shares in the company, valued at $16,080,000. This trade represents a 8.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 802,791 shares of company stock valued at $4,253,109 over the last 90 days.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new stake in Grupo Financiero Galicia during the fourth quarter worth about $39,000. State of Wyoming acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $74,000. Leonteq Securities AG boosted its position in Grupo Financiero Galicia by 563.2% in the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after purchasing an additional 1,729 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in 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 worth $58,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth approximately $151,000.

About Grupo Financiero Galicia

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.