Grupo Financiero Galicia S.A. $GGAL Stock Position Lowered by INCA Investments LLC

INCA Investments LLC lessened its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 13.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 940,056 shares of the bank’s stock after selling 140,105 shares during the quarter. Grupo Financiero Galicia comprises about 17.7% of INCA Investments LLC’s holdings, making the stock its 2nd largest position. INCA Investments LLC’s holdings in Grupo Financiero Galicia were worth $50,707,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Aquamarine Financial Cayman Ltd raised its position in shares of Grupo Financiero Galicia by 57.9% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after buying an additional 767,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Grupo Financiero Galicia by 52.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after purchasing an additional 664,533 shares during the period. RWC Asset Advisors US LLC raised its position in Grupo Financiero Galicia by 848.1% in the third quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock valued at $42,448,000 after purchasing an additional 1,377,735 shares during the period. TT International Asset Management LTD purchased a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $47,035,000. Finally, RWC Asset Management LLP raised its position in Grupo Financiero Galicia by 240.3% in the third quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock valued at $22,769,000 after purchasing an additional 583,403 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GGAL. JPMorgan Chase & Co. cut their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. 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 raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.50.

Grupo Financiero Galicia Stock Down 3.1%

Shares of NASDAQ GGAL opened at $42.19 on Wednesday. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 21.31 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $65.48. The business’s 50 day moving average is $44.60 and its two-hundred day moving average is $49.21.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Saturday, February 14th. The bank reported ($0.36) EPS for the quarter. The business had revenue of $666.89 million during the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. Research analysts predict that Grupo Financiero Galicia S.A. will post 3.66 EPS for the current year.

Grupo Financiero Galicia Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a $0.6229 dividend. The ex-dividend date was Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 17.7%. Grupo Financiero Galicia’s payout ratio is 347.47%.

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.