Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 52-Week Low - Time to Sell?

Key Points

• Grupo Financiero Galicia recently hit a new 52-week low, trading as low as $37.46, significantly lower than its previous closing price of $39.28.
• Analysts are divided on the stock's prospects, with some firms downgrading the shares to a "sell" rating while others maintain a "buy" rating, resulting in a consensus target price of $72.00.
• The company has announced a special dividend of $0.1504 per share, set to be paid on September 5th with a payout ratio of 8.39%.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $37.46 and last traded at $37.85, with a volume of 62947 shares trading hands. The stock had previously closed at $39.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GGAL. Wall Street Zen lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Zacks Research cut Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Finally, Itau BBA Securities started coverage on Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Grupo Financiero Galicia Stock Performance

The company has a market cap of $5.45 billion, a price-to-earnings ratio of 5.46 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50-day moving average price of $48.55 and a 200 day moving average price of $54.37.

Grupo Financiero Galicia Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 29th will be issued 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 8.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blume Capital Management Inc. bought a new position in shares of Grupo Financiero Galicia during the 1st quarter worth approximately $55,000. Advisors Preferred LLC boosted its stake in shares of Grupo Financiero Galicia by 272.2% during the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock worth $61,000 after acquiring an additional 803 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank's stock worth $61,000 after purchasing an additional 849 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Grupo Financiero Galicia in the 2nd quarter valued at $151,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Grupo Financiero Galicia by 11.2% in the 1st 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.

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.

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