Grupo Financiero Galicia (NASDAQ:GGAL) Posts Earnings Results

Grupo Financiero Galicia (NASDAQ:GGAL) issued its quarterly earnings data on Wednesday. The bank reported $0.30 earnings per share (EPS) for the quarter, FiscalAI reports. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The company had revenue of $693.54 million for the quarter.

Grupo Financiero Galicia Stock Down 0.9%

GGAL opened at $41.79 on Thursday. The stock has a market cap of $6.71 billion, a PE ratio of 21.11 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 has a 52 week low of $25.89 and a 52 week high of $65.48. The business’s fifty day simple moving average is $44.55 and its 200 day simple moving average is $49.26.

Grupo Financiero Galicia Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.6229 dividend. This represents a c) dividend on an annualized basis and a yield of 17.9%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio is currently 347.47%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GGAL shares. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Grupo Financiero Galicia currently has a consensus rating of “Hold” and an average target price of $65.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. bought a new position in Grupo Financiero Galicia in the fourth quarter valued at $39,000. Hantz Financial Services Inc. grew its stake in shares of Grupo Financiero Galicia by 131.6% during the third 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 last quarter. State of Wyoming bought a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at about $74,000. Leonteq Securities AG grew its stake in shares of Grupo Financiero Galicia by 563.2% during the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after buying an additional 1,729 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake 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 valued at $58,000 after buying an additional 2,076 shares during the last quarter.

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.