Fourth Sail Capital LP Takes Position in Grupo Financiero Galicia S.A. $GGAL

Fourth Sail Capital LP bought a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 308,728 shares of the bank’s stock, valued at approximately $16,653,000. Grupo Financiero Galicia makes up about 2.7% of Fourth Sail Capital LP’s portfolio, making the stock its 21st largest position. Fourth Sail Capital LP owned about 0.21% of Grupo Financiero Galicia as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GGAL. NewEdge Advisors LLC grew its stake in shares of Grupo Financiero Galicia by 149.5% during the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock valued at $490,000 after acquiring an additional 5,394 shares in the last quarter. Geode Capital Management LLC grew its stake in Grupo Financiero Galicia by 0.7% in the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Cetera Investment Advisers grew its stake in Grupo Financiero Galicia by 1.9% in the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after purchasing an additional 226 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Grupo Financiero Galicia by 93.2% in the second quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock worth $3,794,000 after purchasing an additional 36,326 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Grupo Financiero Galicia in the second quarter worth about $5,299,000.

Analysts Set New Price Targets

GGAL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. Finally, Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.00.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $55.16 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $46.08 and a two-hundred day moving average of $48.35. Grupo Financiero Galicia S.A. has a 52 week low of $25.89 and a 52 week high of $62.51. The company has a market cap of $8.86 billion, a P/E ratio of 24.30, a PEG ratio of 0.38 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, analysts anticipate that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s payout ratio is 214.10%.

Grupo Financiero Galicia 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.