Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $64.00.

A number of research analysts have recently commented on GGAL shares. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. 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. Wall Street Zen cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock opened at $47.81 on Monday. The company has a market cap of $7.68 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 0.33 and a beta of 1.32. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $62.51. The company has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $48.25. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

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 the consensus estimate of $1.70 billion. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. Research analysts anticipate that Grupo Financiero Galicia will post 3.69 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 214.10%.

Institutional Trading of Grupo Financiero Galicia

A number of hedge funds have recently modified their holdings of GGAL. NewEdge Advisors LLC lifted its stake in shares of Grupo Financiero Galicia by 149.5% during the 1st quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock worth $490,000 after buying an additional 5,394 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Grupo Financiero Galicia by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after buying an additional 362 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Grupo Financiero Galicia by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after buying an additional 226 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Grupo Financiero Galicia by 93.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock worth $3,794,000 after buying an additional 36,326 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $5,299,000.

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.