Grupo Financiero Galicia S.A. $GGAL Stock Holdings Lifted by Systrade AG

Systrade AG lifted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 49.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,167 shares of the bank’s stock after acquiring an additional 5,000 shares during the period. Grupo Financiero Galicia comprises approximately 0.9% of Systrade AG’s holdings, making the stock its 11th largest position. Systrade AG’s holdings in Grupo Financiero Galicia were worth $764,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blume Capital Management Inc. acquired a new stake in shares of Grupo Financiero Galicia during the first quarter worth approximately $55,000. Advisors Preferred LLC boosted its holdings in shares of Grupo Financiero Galicia by 272.2% during the first quarter. Advisors Preferred LLC now owns 1,098 shares of the bank’s stock worth $61,000 after purchasing an additional 803 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Grupo Financiero Galicia by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank’s stock worth $165,000 after purchasing an additional 304 shares during the period. Wallace Advisory Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the first quarter worth approximately $182,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Grupo Financiero Galicia during the first quarter worth approximately $225,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup cut shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Wednesday, September 10th. Zacks Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Thursday, August 28th. Wall Street Zen upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Itau BBA Securities assumed coverage on shares of Grupo Financiero Galicia in a research note on Tuesday, May 20th. They issued an “outperform” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.00.

Grupo Financiero Galicia Trading Up 3.7%

Shares of GGAL stock opened at $30.25 on Wednesday. Grupo Financiero Galicia S.A. has a 1 year low of $29.00 and a 1 year high of $74.00. The firm’s fifty day simple moving average is $44.79 and its 200 day simple moving average is $52.51. The firm has a market capitalization of $4.46 billion, a P/E ratio of 4.46 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Cuts Dividend

The business also recently announced a special dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 29th were given a dividend of $0.1504 per share. The ex-dividend date of this dividend was Friday, August 29th. Grupo Financiero Galicia’s payout ratio is 8.39%.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.