Silvestre Vila Moret Purchases 167,791 Shares of Grupo Financiero Galicia (NASDAQ:GGAL) Stock

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Director Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $5.27 per share, with a total value of $884,258.57. Following the transaction, the director owned 2,500,000 shares of the company’s stock, valued at approximately $13,175,000. This represents a 7.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Grupo Financiero Galicia Trading Down 1.7%

NASDAQ:GGAL traded down $0.86 during midday trading on Thursday, hitting $49.39. 617,476 shares of the company traded hands, compared to its average volume of 1,129,484. The company has a current ratio of 1.13, a quick ratio of 1.16 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 firm has a market capitalization of $7.93 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.34 and a beta of 1.34. The firm’s fifty day moving average is $48.07 and its 200-day moving average is $48.50.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.70 billion. On average, sell-side analysts predict that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a $0.6229 dividend. The ex-dividend date was Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 15.1%. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 214.10%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GGAL shares. Zacks Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, June 24th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GGAL. Price T Rowe Associates Inc. MD lifted its stake in shares of Grupo Financiero Galicia by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,116,925 shares of the bank’s stock valued at $114,188,000 after purchasing an additional 380,643 shares during the last quarter. Aquamarine Financial Cayman Ltd raised its stake in shares of Grupo Financiero Galicia by 57.9% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock valued at $113,133,000 after acquiring an additional 767,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after purchasing an additional 664,533 shares during the period. PointState Capital LP raised its position in Grupo Financiero Galicia by 170.6% in the fourth quarter. PointState Capital LP now owns 1,592,990 shares of the bank’s stock valued at $85,926,000 after purchasing an additional 1,004,371 shares during the period. Finally, Mak Capital One LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter worth $72,468,000.

About Grupo Financiero Galicia

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.