Fourth Sail Capital LP Has $22.56 Million Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

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 cut its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 414,167 shares of the bank's stock after selling 24,998 shares during the quarter. Grupo Financiero Galicia accounts for about 5.3% of Fourth Sail Capital LP's investment portfolio, making the stock its 7th largest holding. Fourth Sail Capital LP owned 0.28% of Grupo Financiero Galicia worth $22,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GGAL. Hsbc Holdings PLC lifted its holdings in shares of Grupo Financiero Galicia by 9,082.3% during the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock valued at $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 shares of Grupo Financiero Galicia during the 4th quarter valued at about $78,711,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Grupo Financiero Galicia by 19.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank's stock worth $76,213,000 after purchasing an additional 196,270 shares during the last quarter. PointState Capital LP lifted its holdings in Grupo Financiero Galicia by 14.5% in the 4th quarter. PointState Capital LP now owns 577,337 shares of the bank's stock worth $35,980,000 after purchasing an additional 73,168 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Grupo Financiero Galicia by 0.4% in the 4th quarter. Two Sigma Investments LP now owns 471,443 shares of the bank's stock worth $29,380,000 after purchasing an additional 1,917 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GGAL. Wall Street Zen downgraded Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Itau BBA Securities began coverage on Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Grupo Financiero Galicia currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.50.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL traded down $0.58 during trading hours on Friday, reaching $51.02. The company had a trading volume of 728,394 shares, compared to its average volume of 1,160,916. The stock has a 50-day moving average of $51.47 and a two-hundred day moving average of $56.54. Grupo Financiero Galicia S.A. has a one year low of $32.25 and a one year high of $74.00. The firm has a market capitalization of $7.52 billion, a PE ratio of 7.51 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 declared a -- dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 29th were given a $0.1515 dividend. The ex-dividend date was Tuesday, July 29th. Grupo Financiero Galicia's dividend payout ratio is 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.