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Grupo Financiero Galicia (NASDAQ:GGAL) Stock Price Down 4.5% - What's Next?

Grupo Financiero Galicia logo with Finance background

Key Points

  • Grupo Financiero Galicia saw a decline of 4.5% in its stock price, closing at $43.24 after trading as low as $42.71 during mid-day trading.
  • Analysts have mixed ratings with Wall Street Zen downgrading the company from a "hold" to a "sell," while Itau BBA Securities rated it as "outperform" with a $70.00 price target.
  • The company recently announced a dividend of $0.1504 per share, which will be paid on September 5th, with a dividend payout ratio of 6.19%.
  • Looking to export and analyze Grupo Financiero Galicia data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s share price was down 4.5% during mid-day trading on Monday . The company traded as low as $42.71 and last traded at $43.24. Approximately 378,183 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,253,453 shares. The stock had previously closed at $45.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Itau BBA Securities started 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. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $67.50.

Check Out Our Latest Stock Analysis on Grupo Financiero Galicia

Grupo Financiero Galicia Stock Down 4.6%

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 firm has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $55.21. The company has a market cap of $6.37 billion, a PE ratio of 6.36 and a beta of 1.60.

Grupo Financiero Galicia Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.1504 per share. The ex-dividend date of this dividend is Friday, August 29th. Grupo Financiero Galicia's dividend payout ratio is currently 6.19%.

Hedge Funds Weigh In On Grupo Financiero Galicia

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in shares of Grupo Financiero Galicia by 494.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,050 shares of the bank's stock worth $315,000 after buying an additional 4,200 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $225,000. Aquatic Capital Management LLC lifted its position in Grupo Financiero Galicia by 141.6% during the fourth quarter. Aquatic Capital Management LLC now owns 61,355 shares of the bank's stock valued at $3,824,000 after buying an additional 35,955 shares in the last quarter. Northern Trust Corp grew its stake in Grupo Financiero Galicia by 50.7% during the fourth quarter. Northern Trust Corp now owns 12,581 shares of the bank's stock worth $784,000 after buying an additional 4,234 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth $841,000.

Grupo Financiero Galicia Company Profile

(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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