Grupo Financiero Galicia (NASDAQ:GGAL) Director Silvestre Vila Moret Purchases 100,000 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 100,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average price of $5.11 per share, with a total value of $511,000.00. Following the completion of the purchase, the director directly owned 2,600,000 shares in the company, valued at $13,286,000. This trade represents a 4.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Silvestre Vila Moret also recently made the following trade(s):

• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The shares were bought at an average cost of $5.46 per share, with a total value of $960.96.
• On Tuesday, June 30th, Silvestre Vila Moret acquired 167,791 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The shares were bought at an average price of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $49.39 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 0.34 and a beta of 1.34. The firm has a fifty day moving average price of $48.07 and a 200 day moving average price of $48.50. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $62.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, sell-side analysts expect that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.6229 per share. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 214.10%.

Analyst Ratings Changes

A number of brokerages recently commented on GGAL. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. lifted their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $68.33.

Grupo Financiero Galicia News Roundup

Here are the key news stories impacting Grupo Financiero Galicia this week:

• Positive Sentiment: Director Silvestre Vila Moret disclosed several open-market buys over the past two weeks, including a large purchase of 167,791 shares and additional smaller purchases on June 26, June 29, July 1, and July 7. Repeated insider buying often suggests confidence in the company’s outlook and can support the shares. Article Title
• Neutral Sentiment: The company continues to trade near recent moving averages, with analysts currently assigning an average “Hold” rating and a consensus target price above the recent trading range, indicating mixed but not overly bearish sentiment.
• Negative Sentiment: Recent fundamentals remain a headwind: GGAL last reported earnings below expectations, with EPS and revenue both missing analyst forecasts. That miss likely continues to weigh on investor sentiment despite the insider buying.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at about $39,000. State of Wyoming bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $74,000. Leonteq Securities AG raised its position in 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 purchasing an additional 1,729 shares during the period. Caitong International Asset Management Co. Ltd raised its position in 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 purchasing an additional 2,076 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at 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.