Whittier Trust Co. Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Whittier Trust Co. acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,400 shares of the bank's stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Townsquare Capital LLC grew its stake in shares of Grupo Financiero Galicia by 1.2% in the fourth quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock valued at $1,432,000 after buying an additional 283 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Grupo Financiero Galicia by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank's stock valued at $1,683,000 after purchasing an additional 483 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter worth $34,000. Commonwealth Equity Services LLC boosted its position in shares of Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after buying an additional 618 shares during the period. Finally, Compass Group LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth $67,000.

Analysts Set New Price Targets

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

Grupo Financiero Galicia Trading Down 0.3%

Shares of GGAL traded down $0.14 during trading hours on Monday, reaching $47.08. The stock had a trading volume of 1,033,105 shares, compared to its average volume of 1,174,992. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00. The company has a market cap of $6.94 billion, a P/E ratio of 6.93 and a beta of 1.64. The firm has a 50-day moving average of $54.82 and a 200 day moving average of $58.51. 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 disclosed a -- dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 29th will be issued a dividend of $0.1515 per share. The ex-dividend date is Tuesday, July 29th. Grupo Financiero Galicia's dividend payout ratio is currently 3.98%.

Grupo Financiero Galicia 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.