Silvestre Vila Moret Purchases 224,000 Shares of Grupo Financiero Galicia (NASDAQ:GGAL) Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 224,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average price of $5.36 per share, with a total value of $1,200,640.00. Following the completion of the acquisition, the director owned 3,000,000 shares in the company, valued at approximately $16,080,000. This trade represents a 8.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, July 7th, Silvestre Vila Moret acquired 175,824 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.46 per share, for a total transaction of $959,999.04.
• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.46 per share, for a total transaction 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, for a total transaction of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret bought 167,791 shares of Grupo Financiero Galicia stock. The shares were acquired at an average cost of $5.27 per share, with a total value of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 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 bought 125,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.15 per share, with a total value of $643,750.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $50.80 on Wednesday. The firm has a market cap of $8.16 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 0.35 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $62.51. The business’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $48.46. 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 data on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. On average, equities analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) annualized dividend and a yield of 14.7%. Grupo Financiero Galicia’s dividend payout ratio is currently 214.10%.

Institutional Trading of Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently bought and sold shares of GGAL. NewEdge Advisors LLC raised its holdings in Grupo Financiero Galicia by 149.5% during the first 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 grew its holdings in shares of Grupo Financiero Galicia by 0.7% during the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock valued at $2,748,000 after buying an additional 362 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Grupo Financiero Galicia by 1.9% during the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock worth $596,000 after acquiring an additional 226 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Grupo Financiero Galicia by 93.2% during the second quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank’s stock worth $3,794,000 after acquiring an additional 36,326 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth about $5,299,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GGAL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, June 24th. 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 upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, JPMorgan Chase & Co. boosted 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.33.

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.