Aquamarine Financial Cayman Ltd Has $113.13 Million Position in Grupo Financiero Galicia S.A. $GGAL

Aquamarine Financial Cayman Ltd lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,092,309 shares of the bank's stock after acquiring an additional 767,309 shares during the quarter. Grupo Financiero Galicia makes up approximately 9.2% of Aquamarine Financial Cayman Ltd's portfolio, making the stock its 3rd biggest position. Aquamarine Financial Cayman Ltd owned 1.42% of Grupo Financiero Galicia worth $113,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GGAL. RWC Asset Management LLP grew its holdings in Grupo Financiero Galicia by 240.3% during the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank's stock worth $22,769,000 after acquiring an additional 583,403 shares during the last quarter. Banco Santander S.A. increased its position in Grupo Financiero Galicia by 215.8% in the 3rd quarter. Banco Santander S.A. now owns 119,514 shares of the bank's stock valued at $3,294,000 after acquiring an additional 81,670 shares during the period. Quantbot Technologies LP raised its stake in shares of Grupo Financiero Galicia by 1,271.3% during the third quarter. Quantbot Technologies LP now owns 29,195 shares of the bank's stock valued at $805,000 after acquiring an additional 27,066 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Grupo Financiero Galicia during the third quarter valued at $722,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth $2,335,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GGAL shares. Zacks Research cut shares of Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their target price on Grupo Financiero Galicia from $75.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Wall Street Zen lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Grupo Financiero Galicia in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $65.50.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $43.47 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 21.95 and a beta of 1.46. The company's fifty day simple moving average is $45.56 and its 200 day simple moving average is $48.16. Grupo Financiero Galicia S.A. has a 12-month low of $25.89 and a 12-month high of $65.65.

Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The bank reported ($0.36) earnings per share for the quarter. The business had revenue of $666.89 million for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%. On average, analysts expect that Grupo Financiero Galicia S.A. will post 1.68 earnings per share for the current year.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Monday, March 30th were paid a $0.16 dividend. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from Grupo Financiero Galicia's previous monthly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 30th. Grupo Financiero Galicia's payout ratio is presently 96.97%.

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.

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