Grupo Financiero Galicia (NASDAQ:GGAL) Director Acquires 175,824 Shares of Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 175,824 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $5.46 per share, with a total value of $959,999.04. Following the completion of the purchase, the director owned 2,776,000 shares in the company, valued at $15,156,960. This trade represents a 6.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, July 8th, Silvestre Vila Moret acquired 224,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.36 per share, for a total transaction of $1,200,640.00.
• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The stock was purchased at an average cost of $5.46 per share, with a total value of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret bought 100,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.27 per share, for a total transaction of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret acquired 125,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Trading Down 4.3%

GGAL traded down $2.32 during trading hours on Monday, reaching $51.41. 744,594 shares of the company’s stock traded hands, compared to its average volume of 975,667. The firm has a 50-day moving average price of $48.49 and a 200 day moving average price of $48.48. The firm has a market capitalization of $8.26 billion, a PE ratio of 22.65, a PEG ratio of 0.37 and a beta of 1.34. The company has a quick ratio of 1.16, a current ratio of 1.13 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 $62.51.

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

Grupo Financiero Galicia Dividend Announcement

The business also recently declared 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) annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $58,000 after buying an additional 2,076 shares during the period. State of Wyoming purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth $74,000. Leonteq Securities AG boosted its position in Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,729 shares in the last quarter. Finally, Acuitas Investments LLC bought a new stake in Grupo Financiero Galicia during the 3rd quarter valued at $110,000.

Analysts Set New Price Targets

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

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.