Grupo Financiero Galicia S.A. $GGAL Stake Trimmed by INCA Investments LLC

INCA Investments LLC lessened its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 940,056 shares of the bank’s stock after selling 140,105 shares during the quarter. Grupo Financiero Galicia makes up about 17.7% of INCA Investments LLC’s portfolio, making the stock its 2nd biggest holding. INCA Investments LLC owned approximately 0.64% of Grupo Financiero Galicia worth $50,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RWC Asset Management LLP boosted its stake in Grupo Financiero Galicia by 240.3% during the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock worth $22,769,000 after purchasing an additional 583,403 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth $2,335,000. Banco Santander S.A. boosted its stake in Grupo Financiero Galicia by 215.8% during the 3rd quarter. Banco Santander S.A. now owns 119,514 shares of the bank’s stock worth $3,294,000 after purchasing an additional 81,670 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Grupo Financiero Galicia by 1,271.3% during the 3rd quarter. Quantbot Technologies LP now owns 29,195 shares of the bank’s stock worth $805,000 after purchasing an additional 27,066 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth approximately $722,000.

Analysts Set New Price Targets

GGAL has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Zacks Research cut Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Hold” and a consensus price target of $65.50.

Grupo Financiero Galicia Trading Down 3.1%

Shares of Grupo Financiero Galicia stock opened at $42.19 on Wednesday. The stock has a market cap of $6.78 billion, a P/E ratio of 21.31 and a beta of 1.27. The stock’s 50 day simple moving average is $44.60 and its 200-day simple moving average is $49.21. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $65.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.16.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share for the quarter. The company had revenue of $666.89 million for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. Analysts predict that Grupo Financiero Galicia S.A. will post 3.66 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.6229 per share. This represents a c) annualized dividend and a dividend yield of 17.7%. The ex-dividend date of this dividend was Monday, May 4th. Grupo Financiero Galicia’s payout ratio is presently 347.47%.

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.