Fox Run Management L.L.C. Acquires Shares of 12,306 Grupo Financiero Galicia S.A. $GGAL

Key Points

• Fox Run Management L.L.C. acquired 12,306 shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL), valued at approximately $670,000, during the first quarter.
• Grupo Financiero Galicia recently faced fluctuations in analyst ratings, with Itau BBA Securities giving it an "outperform" rating and a $70.00 target price, while Wall Street Zen downgraded it to a "sell" rating.
• The company declared a $0.1515 dividend on August 5th, indicating a dividend payout ratio of 16.94% for investors of record.

Fox Run Management L.L.C. acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,306 shares of the bank's stock, valued at approximately $670,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Grupo Financiero Galicia by 494.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,050 shares of the bank's stock valued at $315,000 after purchasing an additional 4,200 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $225,000. GeoWealth Management LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $71,000. Mirabella Financial Services LLP bought a new position in Grupo Financiero Galicia during the fourth quarter valued at about $217,000. Finally, Seldon Capital LP acquired a new position in Grupo Financiero Galicia during the fourth quarter worth about $2,933,000.

Analyst Ratings Changes

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

Grupo Financiero Galicia Stock Up 0.1%

NASDAQ:GGAL traded up $0.0630 during trading hours on Friday, hitting $46.1730. 499,861 shares of the stock traded hands, compared to its average volume of 1,251,192. The firm has a 50 day moving average price of $50.29 and a 200 day moving average price of $55.49. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 6.80 and a beta of 1.60. Grupo Financiero Galicia S.A. has a fifty-two week low of $33.04 and a fifty-two week high of $74.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 29th will be given a dividend of $0.1504 per share. The ex-dividend date is Friday, August 29th. Grupo Financiero Galicia's dividend payout ratio (DPR) is presently 6.19%.

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.