Grupo Financiero Galicia (NASDAQ:GGAL) Director Acquires $959,999.04 in Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret bought 175,824 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average price of $5.46 per share, with a total value of $959,999.04. Following the transaction, the director directly owned 2,776,000 shares in the company, valued at $15,156,960. This represents a 6.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Silvestre Vila Moret also recently made the following trade(s):

• On Wednesday, July 8th, Silvestre Vila Moret purchased 224,000 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.36 per share, for a total transaction of $1,200,640.00.
• On Tuesday, July 7th, Silvestre Vila Moret acquired 176 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.46 per share, for a total transaction of $960.96.
• On Wednesday, July 1st, Silvestre Vila Moret acquired 100,000 shares of Grupo Financiero Galicia stock. The shares were purchased at an average cost of $5.11 per share, with a total value of $511,000.00.
• On Tuesday, June 30th, Silvestre Vila Moret bought 167,791 shares of Grupo Financiero Galicia stock. The stock was purchased at an average price of $5.27 per share, with a total value of $884,258.57.
• On Monday, June 29th, Silvestre Vila Moret bought 10,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00.
• On Friday, June 26th, Silvestre Vila Moret bought 125,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.15 per share, for a total transaction of $643,750.00.

Grupo Financiero Galicia Trading Up 3.7%

GGAL opened at $52.67 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.46 billion, a PE ratio of 23.20, a PEG ratio of 0.35 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $62.51. The firm has a 50-day moving average price of $48.87 and a two-hundred day moving average price of $48.44.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.70 billion. As a group, equities analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $0.6229 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a c) annualized dividend and a yield of 14.2%. Grupo Financiero Galicia’s dividend payout ratio is currently 214.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $2,335,000. Alphadyne Asset Management LP bought a new position in Grupo Financiero Galicia during the 3rd quarter worth approximately $827,000. Ping Capital Management Inc. grew its holdings in Grupo Financiero Galicia by 10.5% during the fourth quarter. Ping Capital Management Inc. now owns 450,800 shares of the bank’s stock valued at $24,316,000 after purchasing an additional 42,800 shares during the period. Cantor Fitzgerald L. P. bought a new stake in Grupo Financiero Galicia in the third quarter valued at approximately $317,000. Finally, Carrhae Capital LLP bought a new stake in Grupo Financiero Galicia in the third quarter valued at approximately $8,701,000.

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.