Axiom Investors LLC DE Has $79.85 Million Position in Grupo Financiero Galicia S.A. $GGAL

Key Points

• Axiom Investors LLC DE has reduced its stake in Grupo Financiero Galicia S.A. by 3.6%, now holding approximately 1,465,954 shares valued at $79.8 million.
• The company recently declared a dividend of $0.1504 per share, with the ex-dividend date set for August 29th.
• Grupo Financiero Galicia's consensus rating stands at "Buy", with an average price target of $67.50, despite some brokerages downgrading the stock's rating.

Axiom Investors LLC DE trimmed its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,465,954 shares of the bank's stock after selling 55,006 shares during the period. Axiom Investors LLC DE owned about 0.99% of Grupo Financiero Galicia worth $79,851,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Grupo Financiero Galicia by 11.2% in the first 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in Grupo Financiero Galicia by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank's stock worth $1,683,000 after purchasing an additional 483 shares during the period. Advisors Preferred LLC boosted its stake in Grupo Financiero Galicia by 272.2% in the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock worth $61,000 after purchasing an additional 803 shares during the period. Blume Capital Management Inc. purchased a new position in Grupo Financiero Galicia during the 1st quarter worth approximately $55,000. Finally, Triasima Portfolio Management inc. raised its stake in Grupo Financiero Galicia by 16.0% during the 1st quarter. Triasima Portfolio Management inc. now owns 7,320 shares of the bank's stock valued at $399,000 after purchasing an additional 1,010 shares during the period.

Grupo Financiero Galicia Stock Down 1.1%

Shares of Grupo Financiero Galicia stock traded down $0.45 on Tuesday, hitting $41.55. 5,716,464 shares of the company traded hands, compared to its average volume of 1,182,149. Grupo Financiero Galicia S.A. has a 12-month low of $33.04 and a 12-month high of $74.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.13 billion, a PE ratio of 6.12 and a beta of 1.60. The company has a 50-day moving average price of $49.60 and a 200 day moving average price of $54.97.

Grupo Financiero Galicia Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 29th will be paid a $0.1504 dividend. The ex-dividend date is Friday, August 29th. Grupo Financiero Galicia's payout ratio is 8.39%.

Analysts Set New Price Targets

GGAL has been the subject of several recent analyst reports. Itau BBA Securities initiated coverage on Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 target price for the company. Wall Street Zen downgraded Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $67.50.

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.