Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 1-Year Low – Should You Sell?

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) reached a new 52-week low on Monday. The stock traded as low as $31.63 and last traded at $31.6450, with a volume of 372,960 shares traded. The stock had previously closed at $32.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Grupo Financiero Galicia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Itau BBA Securities lowered shares of Grupo Financiero Galicia from an “outperform” rating to a “market perform” rating in a report on Thursday, September 3rd. Finally, UBS Group dropped their price target on Grupo Financiero Galicia from $60.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.00.

Grupo Financiero Galicia Trading Down 3.5%

The firm has a fifty day moving average of $39.48 and a two-hundred day moving average of $45.69. The company has a market capitalization of $5.01 billion, a PE ratio of 12.74, a PEG ratio of 0.17 and a beta of 1.35.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.70 billion. On average, equities analysts expect that Grupo Financiero Galicia S.A. will post 3.88 EPS for the current fiscal year.

Grupo Financiero Galicia Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 28th were issued a $0.0479 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, September 28th. This is a decrease from Grupo Financiero Galicia’s previous monthly dividend of $0.0531. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 23.27%.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently added to or reduced their stakes in the business. Carrhae Capital LLP purchased a new stake in Grupo Financiero Galicia during the 2nd quarter valued at approximately $68,052,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $47,235,000. RWC Asset Management LLP boosted its position in Grupo Financiero Galicia by 4.3% during the third quarter. RWC Asset Management LLP now owns 890,348 shares of the bank’s stock valued at $33,157,000 after purchasing an additional 36,903 shares in the last quarter. RWC Asset Advisors US LLC boosted its position in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. RWC Asset Advisors US LLC now owns 517,540 shares of the bank’s stock worth $25,893,000 after purchasing an additional 177,574 shares in the last quarter. Finally, Moerus Capital Management LLC acquired a new position in Grupo Financiero Galicia during the 1st quarter valued at approximately $8,179,000.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA is an Argentine financial services holding company whose principal business is conducted through Banco de Galicia y Buenos Aires SAU., commonly known as Galicia. The group serves individuals, businesses, agricultural customers and public-sector entities across Argentina.

Through its banking operations, Galicia offers deposit accounts, consumer and commercial loans, credit and debit cards, payment services, cash management, foreign trade financing, investment products and digital banking services.