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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $66.25.

GGAL has been the topic of several analyst reports. Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $46.00 to $75.00 in a research report on Tuesday, October 28th. The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday, December 29th.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $50.00 on Tuesday. The business has a 50 day simple moving average of $52.76 and a 200 day simple moving average of $46.14. Grupo Financiero Galicia has a 52 week low of $25.89 and a 52 week high of $66.24. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 25.25 and a beta of 1.44.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were given a $0.1455 dividend. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Grupo Financiero Galicia’s payout ratio is 88.38%.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently modified their holdings of the company. 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 acquiring an additional 533 shares during the period. Caitong International Asset Management Co. Ltd increased 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 purchasing 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 worth $61,000 after purchasing an additional 849 shares during the last quarter. Acuitas Investments LLC bought a new stake in Grupo Financiero Galicia during the 3rd quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. bought a new stake in Grupo Financiero Galicia during the 2nd quarter valued at approximately $151,000.

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.