Caprock Group LLC Invests $2.22 Million in Grupo Financiero Galicia S.A. $GGAL

Key Points

• Caprock Group LLC bought a new stake of 41,025 shares in Grupo Financiero Galicia (NASDAQ:GGAL) in Q4 valued at about $2.22 million, while other institutions — notably TT International (~$47.0M new position) and RWC Asset Advisors (large increases) — also ramped up holdings.
• Grupo Financiero Galicia raised its monthly dividend to $0.16 (annualized yield ~4.4%) from $0.15, though the dividend payout ratio is high at 96.97%.
• Analysts are mixed: MarketBeat shows a consensus Hold with a $65.50 target while the stock trades near $43.17 and the company reported a ($0.36) EPS last quarter.

Caprock Group LLC acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 41,025 shares of the bank's stock, valued at approximately $2,219,000.

A number of other hedge funds also recently bought and sold shares of GGAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Grupo Financiero Galicia by 52.2% in 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 in the last quarter. RWC Asset Advisors US LLC increased its holdings in shares of Grupo Financiero Galicia by 848.1% in the third quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank's stock valued at $42,448,000 after purchasing an additional 1,377,735 shares during the last quarter. INCA Investments LLC lifted its position in Grupo Financiero Galicia by 1.0% during the third quarter. INCA Investments LLC now owns 1,080,161 shares of the bank's stock worth $29,769,000 after buying an additional 10,283 shares in the last quarter. TT International Asset Management LTD purchased a new position in Grupo Financiero Galicia during the fourth quarter worth approximately $47,035,000. Finally, RWC Asset Management LLP boosted its stake in Grupo Financiero Galicia by 240.3% during the third quarter. RWC Asset Management LLP now owns 826,175 shares of the bank's stock worth $22,769,000 after buying an additional 583,403 shares during the last quarter.

Grupo Financiero Galicia Trading Down 0.7%

Shares of Grupo Financiero Galicia stock opened at $43.17 on Friday. The stock has a 50 day moving average of $45.50 and a 200 day moving average of $48.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 21.80 and a beta of 1.46. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $65.48.

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

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Investors of record on Monday, March 30th were given a dividend of $0.16 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Grupo Financiero Galicia's previous monthly dividend of $0.15. Grupo Financiero Galicia's dividend payout ratio is 96.97%.

Wall Street Analyst Weigh In

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

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.

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