Grupo Financiero Galicia S.A. $GGAL Holdings Trimmed by SBI Securities Co. Ltd.

Key Points

• SBI Securities Co. Ltd. trimmed its stake by 45.6% in Grupo Financiero Galicia in Q4, selling 56,077 shares and retaining 66,870 shares worth $3.607 million.
• The company announced a dividend of $0.6229 per share (payout ratio 99.49%), with payment and record/ex-dividend dates scheduled in May.
• Analyst coverage is mixed — the stock carries an average rating of Hold and a consensus price target of $65.50 after several recent upgrades and downgrades.

SBI Securities Co. Ltd. lowered its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 45.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,870 shares of the bank's stock after selling 56,077 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Grupo Financiero Galicia were worth $3,607,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank's stock valued at $26,000 after buying an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank's stock valued at $58,000 after buying an additional 2,076 shares in the last quarter. Acuitas Investments LLC bought a new position in Grupo Financiero Galicia during the third quarter valued at about $110,000. Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia during the second quarter valued at about $151,000. Finally, SG Americas Securities LLC acquired a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at $165,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GGAL. Wall Street Zen upgraded Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Grupo Financiero Galicia in a research report on Friday, March 27th. Zacks Research lowered Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. decreased their price target on 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 research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.50.

Grupo Financiero Galicia Trading Up 6.8%

NASDAQ:GGAL opened at $43.44 on Thursday. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $65.48. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 21.94 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $44.97 and a 200 day simple moving average of $48.92.

Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The bank reported ($0.36) EPS for the quarter. Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The business had revenue of $666.89 million for the quarter. Sell-side analysts forecast that Grupo Financiero Galicia S.A. will post 3.66 earnings per share for the current year.

Grupo Financiero Galicia Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 7th. Shareholders of record on Monday, May 11th will be given a dividend of $0.6229 per share. The ex-dividend date is Monday, May 11th. Grupo Financiero Galicia's dividend payout ratio (DPR) is presently 99.49%.

Grupo Financiero Galicia Profile

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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