Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96, Zacks reports. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.62 billion.
Grupo Financiero Galicia Stock Performance
Grupo Financiero Galicia stock traded down $1.47 during midday trading on Friday, reaching $54.67. 1,772,080 shares of the stock traded hands, compared to its average volume of 1,146,167. The firm has a fifty day moving average price of $58.91 and a two-hundred day moving average price of $60.55. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 8.05 and a beta of 1.72. Grupo Financiero Galicia has a fifty-two week low of $23.53 and a fifty-two week high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.
Grupo Financiero Galicia Cuts Dividend
The company also recently announced a -- dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.2631 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. Grupo Financiero Galicia's payout ratio is 3.83%.
Analyst Ratings Changes
GGAL has been the subject of a number of recent research reports. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price objective for the company. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.20.
Get Our Latest Research Report on Grupo Financiero Galicia
Institutional Trading of Grupo Financiero Galicia
A hedge fund recently raised its stake in Grupo Financiero Galicia stock. NewEdge Advisors LLC lifted its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 149.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,003 shares of the bank's stock after acquiring an additional 5,394 shares during the period. NewEdge Advisors LLC's holdings in Grupo Financiero Galicia were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.
About Grupo Financiero Galicia
(
Get Free Report)
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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