Grupo Financiero Galicia (NASDAQ:GGAL) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Grupo Financiero Galicia has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• The stock is currently trading at around $40.10, significantly below its 12-month high of $74.00.
• Institutional investors have recently increased their holdings in the company, with some raising their stakes by over 240%.

Wall Street Zen lowered shares of Grupo Financiero Galicia (NASDAQ:GGAL - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.

Several other research firms have also issued reports on GGAL. Zacks Research lowered shares of Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.00.

Grupo Financiero Galicia Trading Down 2.5%

Shares of Grupo Financiero Galicia stock traded down $0.80 during midday trading on Friday, reaching $31.27. The company had a trading volume of 2,485,647 shares, compared to its average volume of 2,905,816. The stock has a fifty day moving average price of $46.00 and a 200 day moving average price of $53.12. 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 market cap of $4.61 billion, a PE ratio of 4.61 and a beta of 1.71. Grupo Financiero Galicia has a fifty-two week low of $29.23 and a fifty-two week high of $74.00.

Grupo Financiero Galicia Cuts Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 29th were paid a $0.1504 dividend. The ex-dividend date of this dividend was Friday, August 29th. Grupo Financiero Galicia's payout ratio is 8.39%.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $439,000. Orion Porfolio Solutions LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $386,000. Squarepoint Ops LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $757,000. Marex Group plc acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $627,000. Finally, Lazard Asset Management LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $3,282,000.

Grupo Financiero Galicia Company 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.