8,200 Shares in Grupo Financiero Galicia S.A. $GGAL Purchased by Diversified Trust Co

Key Points

• Diversified Trust Co acquired 8,200 shares of Grupo Financiero Galicia S.A. for approximately $413,000 during the 2nd quarter, marking a new position for the institutional investor.
• The company announced a special dividend of $0.1381 to be paid on October 7th, with investors of record on September 30th.
• As of now, Grupo Financiero Galicia has a consensus rating of "Hold" from analysts, with a target price of $81.00.

Diversified Trust Co bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,200 shares of the bank's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blume Capital Management Inc. bought a new stake in Grupo Financiero Galicia in the first quarter valued at approximately $55,000. Advisors Preferred LLC increased its stake in Grupo Financiero Galicia by 272.2% during the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock worth $61,000 after acquiring an additional 803 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Grupo Financiero Galicia by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank's stock worth $165,000 after acquiring an additional 304 shares during the period. Wallace Advisory Group LLC bought a new position in Grupo Financiero Galicia during the 1st quarter worth $182,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Grupo Financiero Galicia in the 1st quarter valued at $225,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $31.51 on Wednesday. Grupo Financiero Galicia S.A. has a twelve month low of $25.89 and a twelve month high of $74.00. The stock's 50 day moving average price is $42.93 and its 200-day moving average price is $51.55. The company has a market capitalization of $4.65 billion, a PE ratio of 4.64 and a beta of 1.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th will be paid a $0.1381 dividend. The ex-dividend date is Tuesday, September 30th. Grupo Financiero Galicia's dividend payout ratio is presently 10.31%.

Analyst Upgrades and Downgrades

GGAL has been the topic of a number of research analyst reports. Wall Street Zen raised Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a report on Sunday, September 14th. Zacks Research downgraded Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. Finally, Citigroup downgraded Grupo Financiero Galicia from a "buy" rating to a "neutral" rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Financiero Galicia currently has a consensus rating of "Hold" and a consensus target price of $81.00.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.

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