Havemeyer Place LP Purchases Shares of 10,411 Grupo Financiero Galicia S.A. $GGAL

Havemeyer Place LP purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,411 shares of the bank’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in shares of Grupo Financiero Galicia by 1.9% in the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank’s stock valued at $596,000 after acquiring an additional 226 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Grupo Financiero Galicia by 0.7% in the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock valued at $2,748,000 after acquiring an additional 362 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after acquiring an additional 533 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Grupo Financiero Galicia by 1.0% in the third quarter. Lazard Asset Management LLC now owns 65,810 shares of the bank’s stock valued at $1,814,000 after acquiring an additional 677 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $74,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GGAL shares. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Wall Street Zen cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.00.

Grupo Financiero Galicia Trading Up 0.5%

Shares of NASDAQ:GGAL opened at $48.04 on Tuesday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.33 and a beta of 1.32. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $62.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The company has a 50 day moving average price of $45.46 and a 200 day moving average price of $48.23.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. On average, research analysts anticipate that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $0.6229 per share. This represents a c) dividend on an annualized basis and a yield of 15.6%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 213.66%.

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.