Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Fourth Sail Capital LP

Key Points

• Fourth Sail Capital LP reduced its stake in Grupo Financiero Galicia S.A. by 5.7%, currently holding 414,167 shares, which constitute 5.3% of its portfolio.
• Grupo Financiero Galicia recently paid a dividend of $0.1515 per share and has a dividend payout ratio of 16.94%.
• Analysts have mixed ratings on Grupo Financiero Galicia, with one firm rating it a "sell" and another giving it an "outperform" rating with a target price of $70.00.

Fourth Sail Capital LP decreased its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 414,167 shares of the bank's stock after selling 24,998 shares during the period. Grupo Financiero Galicia comprises about 5.3% of Fourth Sail Capital LP's investment portfolio, making the stock its 7th biggest holding. Fourth Sail Capital LP owned about 0.28% of Grupo Financiero Galicia worth $22,560,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of Grupo Financiero Galicia by 9,082.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock worth $721,935,000 after buying an additional 11,366,972 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Grupo Financiero Galicia during the fourth quarter worth about $78,711,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Grupo Financiero Galicia by 19.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank's stock worth $76,213,000 after acquiring an additional 196,270 shares during the last quarter. PointState Capital LP lifted its holdings in Grupo Financiero Galicia by 14.5% in the fourth quarter. PointState Capital LP now owns 577,337 shares of the bank's stock worth $35,980,000 after acquiring an additional 73,168 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Grupo Financiero Galicia by 0.4% in the fourth quarter. Two Sigma Investments LP now owns 471,443 shares of the bank's stock valued at $29,380,000 after acquiring an additional 1,917 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Itau BBA Securities started coverage on Grupo Financiero Galicia in a research report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price target on the stock. Wall Street Zen downgraded Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.20.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL traded down $1.53 on Thursday, hitting $51.60. The stock had a trading volume of 1,219,272 shares, compared to its average volume of 1,162,636. The company's 50-day moving average is $51.60 and its two-hundred day moving average is $56.77. Grupo Financiero Galicia S.A. has a one year low of $29.00 and a one year high of $74.00. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 7.60 and a beta of 1.60. 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 Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 29th were issued a $0.1515 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. Grupo Financiero Galicia's dividend payout ratio is presently 16.94%.

About Grupo Financiero Galicia

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.