Grupo Financiero Galicia S.A. (GGAL) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Seven brokerages cover GGAL, with four hold, two buy, and one sell ratings. The average 12-month price target is $72.50.
• Quarterly results exceeded expectations: Grupo Financiero Galicia reported $1.14 in earnings per share versus the $0.98 consensus estimate, while revenue reached $1.87 billion against forecasts of $1.70 billion.
• The dividend was reduced: The company’s monthly dividend fell to $0.0479 per share, equivalent to an annualized $0.57 and a 1.6% yield.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $72.50.

GGAL has been the topic of a number of recent analyst reports. Weiss Ratings lowered Grupo Financiero Galicia from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. Itau BBA Securities cut shares of Grupo Financiero Galicia from an "outperform" rating to a "market perform" rating in a research report on Thursday, September 3rd. Wall Street Zen raised Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a research report on Saturday, June 27th. Finally, JPMorgan Chase & Co. increased their target price on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th.

Grupo Financiero Galicia Stock Up 0.1%

Shares of NASDAQ:GGAL opened at $36.81 on Friday. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.20 and a beta of 1.29. The firm's 50-day simple moving average is $42.35 and its 200-day simple moving average is $46.01. Grupo Financiero Galicia has a fifty-two week low of $31.14 and a fifty-two week high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The bank reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.70 billion. On average, research analysts forecast that Grupo Financiero Galicia will post 3.88 EPS for the current year.

Grupo Financiero Galicia Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, September 28th were issued a $0.0479 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.57 dividend on an annualized basis and a yield of 1.6%. This is a drop from Grupo Financiero Galicia's previous monthly dividend of $0.0531. Grupo Financiero Galicia's dividend payout ratio (DPR) is currently 23.27%.

Institutional Trading of Grupo Financiero Galicia

Large investors have recently bought and sold shares of the company. Carrhae Capital LLP purchased a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $68,052,000. RWC Asset Advisors US LLC increased its holdings in Grupo Financiero Galicia by 52.2% in the second quarter. RWC Asset Advisors US LLC now owns 517,540 shares of the bank's stock valued at $25,893,000 after buying an additional 177,574 shares during the last quarter. Fourth Sail Capital LP bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $16,653,000. USS Investment Management Ltd acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at about $10,214,000. Finally, Hsbc Holdings PLC boosted its stake in Grupo Financiero Galicia by 71.2% in the fourth quarter. Hsbc Holdings PLC now owns 186,852 shares of the bank's stock valued at $9,984,000 after acquiring an additional 77,740 shares during the period.

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. The group provides banking services to individuals, businesses, agricultural producers and other organizations throughout Argentina.

Its offerings include deposit accounts, personal and commercial loans, credit and debit cards, payment services, foreign trade finance, investment products and electronic banking. Through its affiliated businesses, the group also provides insurance, asset management, brokerage and other capital-markets services, as well as digital financial solutions.

Banco Galicia traces its origins to 1905, while Grupo Financiero Galicia was established in 1999 as a holding company for financial-services businesses.

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