Fourth Sail Capital LP Makes New $16.65 Million Investment in Grupo Financiero Galicia S.A. $GGAL

Fourth Sail Capital LP purchased a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 308,728 shares of the bank’s stock, valued at approximately $16,653,000. Grupo Financiero Galicia makes up about 2.7% of Fourth Sail Capital LP’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. purchased a new position in Grupo Financiero Galicia during the 4th quarter worth approximately $2,335,000. Banco Santander S.A. grew its position in Grupo Financiero Galicia by 215.8% during the 3rd quarter. Banco Santander S.A. now owns 119,514 shares of the bank’s stock worth $3,294,000 after purchasing an additional 81,670 shares in the last quarter. Quantbot Technologies LP grew its position in Grupo Financiero Galicia by 1,271.3% during the 3rd quarter. Quantbot Technologies LP now owns 29,195 shares of the bank’s stock worth $805,000 after purchasing an additional 27,066 shares in the last quarter. Alphadyne Asset Management LP purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth approximately $827,000. Finally, Carrhae Capital LLP purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth approximately $8,701,000.

Analyst Upgrades and Downgrades

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

Grupo Financiero Galicia Trading Down 0.5%

Grupo Financiero Galicia stock opened at $55.16 on Friday. The company’s fifty day simple moving average is $46.08 and its 200-day simple moving average is $48.35. The company has a quick ratio of 1.16, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $62.51. The stock has a market cap of $8.86 billion, a P/E ratio of 24.30, a P/E/G ratio of 0.38 and a beta of 1.32.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, sell-side analysts forecast that Grupo Financiero Galicia S.A. will post 3.69 EPS for the current fiscal year.

Grupo Financiero Galicia Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 13.6%. Grupo Financiero Galicia’s payout ratio is currently 214.10%.

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.