Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Rating of “Moderate Buy” by Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $74.00.

GGAL has been the topic of several analyst reports. Hsbc Global Res raised Grupo Financiero Galicia to a “strong-buy” rating in a report on Wednesday, October 1st. Wall Street Zen downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Citigroup downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 10th. HSBC assumed coverage on shares of Grupo Financiero Galicia in a report on Wednesday. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Thursday, August 28th.

Grupo Financiero Galicia Trading Up 2.6%

Shares of NASDAQ:GGAL opened at $28.69 on Wednesday. The business’s 50 day simple moving average is $39.83 and its 200 day simple moving average is $49.98. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $74.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $4.23 billion, a P/E ratio of 4.23 and a beta of 1.54.

Grupo Financiero Galicia Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th will be issued a $0.1381 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 10.31%.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors and hedge funds have recently modified their holdings of the business. PointState Capital LP boosted its stake in Grupo Financiero Galicia by 160.5% in the first quarter. PointState Capital LP now owns 1,504,157 shares of the bank’s stock valued at $81,931,000 after buying an additional 926,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after purchasing an additional 664,533 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Grupo Financiero Galicia by 90.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 893,965 shares of the bank’s stock valued at $45,047,000 after purchasing an additional 424,693 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Grupo Financiero Galicia by 3.1% during the 1st quarter. Hsbc Holdings PLC now owns 11,851,835 shares of the bank’s stock valued at $644,503,000 after purchasing an additional 359,708 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its position in Grupo Financiero Galicia by 198.3% during the 2nd quarter. Banco BTG Pactual S.A. now owns 487,916 shares of the bank’s stock worth $24,586,000 after purchasing an additional 324,358 shares in the last quarter.

Grupo Financiero Galicia Company Profile

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.