Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) were up 6.5% on Tuesday . The company traded as high as $57.76 and last traded at $57.55. Approximately 771,309 shares traded hands during trading, a decline of 30% from the average daily volume of 1,109,136 shares. The stock had previously closed at $54.02.
Analyst Ratings Changes
GGAL has been the topic of a number of research reports. Wall Street Zen lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Itau BBA Securities assumed coverage on Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price objective for the company. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.20.
Check Out Our Latest Stock Analysis on Grupo Financiero Galicia
Grupo Financiero Galicia Trading Down 2.0%
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50-day moving average is $58.35 and its 200 day moving average is $60.53. The firm has a market capitalization of $8.29 billion, a P/E ratio of 8.28 and a beta of 1.72.
Grupo Financiero Galicia Cuts Dividend
The firm also recently declared a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were paid a $0.2631 dividend. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia's payout ratio is 3.83%.
Institutional Trading of Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently modified their holdings of GGAL. CIBC Private Wealth Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $34,000. Blume Capital Management Inc. acquired a new position in shares of Grupo Financiero Galicia in the first quarter valued at approximately $55,000. Advisors Preferred LLC raised its holdings in Grupo Financiero Galicia by 272.2% in the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock valued at $61,000 after buying an additional 803 shares during the last quarter. Compass Group LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth approximately $67,000. Finally, GeoWealth Management LLC acquired a new position in Grupo Financiero Galicia in the 4th quarter valued at approximately $71,000.
Grupo Financiero Galicia Company Profile
(
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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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