Vident Advisory LLC Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Vident Advisory LLC acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,598 shares of the bank's stock, valued at approximately $349,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SMART Wealth LLC bought a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at $295,000. BTG Pactual Asset Management US LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at about $315,000. Deltec Asset Management LLC bought a new position in Grupo Financiero Galicia in the fourth quarter valued at about $262,000. Nkcfo LLC bought a new position in Grupo Financiero Galicia in the fourth quarter valued at about $312,000. Finally, Activest Wealth Management raised its stake in Grupo Financiero Galicia by 278.4% during the fourth quarter. Activest Wealth Management now owns 36,345 shares of the bank's stock worth $2,265,000 after acquiring an additional 26,741 shares in the last quarter.

Grupo Financiero Galicia Trading Down 2.4%

Grupo Financiero Galicia stock traded down $1.41 during trading hours on Monday, hitting $56.64. The stock had a trading volume of 1,163,169 shares, compared to its average volume of 1,109,009. The business's 50 day simple moving average is $58.34 and its 200-day simple moving average is $60.63. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 8.34 and a beta of 1.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

Grupo Financiero Galicia Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd will be paid a $0.2631 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio is currently 3.83%.

Analysts Set New Price Targets

GGAL has been the topic of a number of research analyst reports. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a research note on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price target on the stock. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $61.20.

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.