Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives $71.40 Consensus Target Price from Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $66.25.

A number of research firms have commented on GGAL. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $46.00 to $75.00 in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday, December 15th. The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a research report on Monday, November 10th. Hsbc Global Res raised Grupo Financiero Galicia to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. raised its holdings in Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after purchasing an additional 533 shares during the period. Caitong International Asset Management Co. Ltd raised 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 worth $58,000 after buying an additional 2,076 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of 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 buying an additional 849 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth approximately $151,000.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $54.17 on Monday. The firm’s 50-day moving average price is $48.56 and its 200-day moving average price is $45.55. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $74.00. The company has a market cap of $7.99 billion, a PE ratio of 27.36 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.1423 per share. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, December 29th. Grupo Financiero Galicia’s dividend payout ratio is currently 85.35%.

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.