Equities analysts predict that Grupo Financiero Galicia S.A. (NASDAQ:GGAL) will post $0.91 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Grupo Financiero Galicia’s earnings. Grupo Financiero Galicia posted earnings per share of $0.78 in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 29th.

On average, analysts expect that Grupo Financiero Galicia will report full-year earnings of $3.52 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $4.35 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Grupo Financiero Galicia.

A number of equities research analysts have recently commented on GGAL shares. Zacks Investment Research lowered shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Santander lowered shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, UBS AG raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold”.

Several institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its position in shares of Grupo Financiero Galicia by 73.3% during the 2nd quarter. Capital World Investors now owns 6,850,359 shares of the bank’s stock valued at $292,099,000 after acquiring an additional 2,898,597 shares during the period. PointState Capital LP lifted its position in shares of Grupo Financiero Galicia by 10.2% during the 2nd quarter. PointState Capital LP now owns 2,428,391 shares of the bank’s stock valued at $103,547,000 after acquiring an additional 225,500 shares during the period. Capital Research Global Investors lifted its position in shares of Grupo Financiero Galicia by 0.3% during the 2nd quarter. Capital Research Global Investors now owns 2,173,622 shares of the bank’s stock valued at $92,683,000 after acquiring an additional 6,266 shares during the period. Third Point LLC acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $86,330,000. Finally, USS Investment Management Ltd lifted its position in shares of Grupo Financiero Galicia by 31.5% during the 3rd quarter. USS Investment Management Ltd now owns 814,070 shares of the bank’s stock valued at $41,957,000 after acquiring an additional 195,000 shares during the period. Institutional investors own 27.71% of the company’s stock.

Grupo Financiero Galicia (GGAL) traded down $0.15 during trading hours on Friday, hitting $56.90. 112,344 shares of the stock were exchanged, compared to its average volume of 372,962. Grupo Financiero Galicia has a 12 month low of $23.23 and a 12 month high of $58.61. The company has a market cap of $7,398.54, a price-to-earnings ratio of 18.18 and a beta of 1.15.

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About Grupo Financiero Galicia

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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