Grupo Financiero Galicia S.A. (GGAL) To Go Ex-Dividend on March 30th

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) announced a monthly dividend on Thursday, March 19th. Stockholders of record on Monday, March 30th will be given a dividend of 0.16 per share by the bank on Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, March 30th. This is a 3.8% increase from Grupo Financiero Galicia’s previous monthly dividend of $0.15.

Grupo Financiero Galicia has increased its dividend payment by an average of 0.5%annually over the last three years. Grupo Financiero Galicia has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Financiero Galicia to earn $7.26 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 26.4%.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL opened at $42.70 on Friday. The business’s 50 day moving average price is $47.60 and its 200-day moving average price is $45.86. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $66.24. The company has a market cap of $6.30 billion, a P/E ratio of 21.57 and a beta of 1.48.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data on Saturday, February 14th. The bank reported ($0.36) EPS for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The firm had revenue of $666.89 million for the quarter. As a group, equities analysts predict that Grupo Financiero Galicia will post 7.49 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Grupo Financiero Galicia by 1.9% during the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock valued at $596,000 after purchasing an additional 226 shares in the last quarter. Geode Capital Management LLC raised its holdings in Grupo Financiero Galicia by 0.7% in the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Rokos Capital Management LLP boosted its holdings in shares of Grupo Financiero Galicia by 0.4% in the 2nd quarter. Rokos Capital Management LLP now owns 110,167 shares of the bank’s stock valued at $5,549,000 after buying an additional 408 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Grupo Financiero Galicia by 131.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after buying an additional 533 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Grupo Financiero Galicia by 1.0% in the 3rd quarter. Lazard Asset Management LLC now owns 65,810 shares of the bank’s stock worth $1,814,000 after buying an additional 677 shares during the last quarter.

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.