Grupo Financiero Galicia S.A. $GGAL Shares Acquired by Systrade AG

Systrade AG increased its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 80.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,000 shares of the bank’s stock after acquiring an additional 20,000 shares during the period. Grupo Financiero Galicia comprises 1.5% of Systrade AG’s holdings, making the stock its 8th largest position. Systrade AG’s holdings in Grupo Financiero Galicia were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Steadtrust LLC grew its stake in shares of Grupo Financiero Galicia by 98.9% during the 3rd quarter. Steadtrust LLC now owns 17,043 shares of the bank’s stock worth $470,000 after purchasing an additional 8,476 shares during the period. Cantor Fitzgerald L. P. acquired a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at $317,000. Carrhae Capital LLP acquired a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at $8,701,000. Caitong International Asset Management Co. Ltd boosted its holdings in Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new stake in Grupo Financiero Galicia during the third quarter worth $110,000.

Grupo Financiero Galicia Stock Up 5.8%

GGAL opened at $45.45 on Tuesday. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 22.95 and a beta of 1.49. Grupo Financiero Galicia S.A. has a 52-week low of $25.89 and a 52-week high of $66.24. The firm’s fifty day simple moving average is $48.19 and its two-hundred day simple moving average is $45.75.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings results on Wednesday, March 4th. The bank reported ($0.36) EPS for the quarter. The company had revenue of $1.61 billion for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. On average, research analysts forecast that Grupo Financiero Galicia S.A. will post 7.49 EPS for the current year.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Grupo Financiero Galicia’s payout ratio is currently 93.43%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GGAL. Zacks Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.50.

Grupo Financiero Galicia 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.