Grupo Financiero Galicia S.A. $GGAL Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 71.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,852 shares of the bank’s stock after acquiring an additional 77,740 shares during the period. Hsbc Holdings PLC’s holdings in Grupo Financiero Galicia were worth $9,984,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Grupo Financiero Galicia by 4,942.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after purchasing an additional 2,076 shares during the period. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $74,000. Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth about $110,000. Raymond James Financial Inc. bought a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth about $151,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Grupo Financiero Galicia by 247.3% in the 4th quarter. Hantz Financial Services Inc. now owns 3,258 shares of the bank’s stock valued at $176,000 after buying an additional 2,320 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GGAL. JPMorgan Chase & Co. raised their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Wall Street Zen cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Hold” and a consensus target price of $68.33.

Grupo Financiero Galicia Price Performance

NASDAQ GGAL opened at $49.42 on Friday. The company has a 50-day moving average price of $47.21 and a two-hundred day moving average price of $48.50. Grupo Financiero Galicia S.A. has a 52 week low of $25.89 and a 52 week high of $62.51. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 0.34 and a beta of 1.32. 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 quarterly 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 for 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%. Analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current year.

Grupo Financiero Galicia Dividend Announcement

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 15.1%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

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.