Quantbot Technologies LP Has $1.17 Million Stock Holdings in Grupo Financiero Galicia S.A. $GGAL

Key Points

• Quantbot Technologies LP increased its stake in Grupo Financiero Galicia S.A. by 38.6% during the first quarter, now holding shares valued at approximately $1.17 million.
• The company announced a dividend of $0.1504 to be paid out on September 5th to shareholders of record as of August 29th.
• Wall Street analysts have mixed views on the stock with an average rating of "Buy" and a consensus target price of $67.50.

Quantbot Technologies LP grew its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,418 shares of the bank's stock after purchasing an additional 5,968 shares during the period. Quantbot Technologies LP's holdings in Grupo Financiero Galicia were worth $1,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blume Capital Management Inc. acquired a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth approximately $55,000. Advisors Preferred LLC boosted its holdings in shares of Grupo Financiero Galicia by 272.2% in the first quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock valued at $61,000 after acquiring an additional 803 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $71,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Grupo Financiero Galicia by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank's stock valued at $165,000 after acquiring an additional 304 shares in the last quarter. Finally, Wallace Advisory Group LLC bought a new position in shares of Grupo Financiero Galicia in the first quarter valued at approximately $182,000.

Grupo Financiero Galicia Trading Down 1.3%

Shares of NASDAQ:GGAL traded down $0.51 during mid-day trading on Friday, hitting $39.28. The stock had a trading volume of 1,324,142 shares, compared to its average volume of 1,696,893. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $5.79 billion, a PE ratio of 5.78 and a beta of 1.60. Grupo Financiero Galicia S.A. has a 12-month low of $34.76 and a 12-month high of $74.00. The company's 50 day moving average is $48.77 and its 200-day moving average is $54.57.

Grupo Financiero Galicia Cuts Dividend

The company also recently declared a special dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 29th will be given a $0.1504 dividend. The ex-dividend date is Friday, August 29th. Grupo Financiero Galicia's dividend payout ratio is 6.19%.

Analyst Upgrades and Downgrades

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

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.