Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) shares were up 6.1% during trading on Thursday . The company traded as high as $30.03 and last traded at $30.10. Approximately 780,985 shares were traded during trading, a decline of 52% from the average daily volume of 1,640,629 shares. The stock had previously closed at $28.36.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Grupo Financiero Galicia to a "strong-buy" rating in a report on Wednesday, October 1st. Zacks Research lowered shares of Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. Wall Street Zen lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a report on Friday, September 26th. HSBC started coverage on shares of Grupo Financiero Galicia in a report on Wednesday, October 1st. They set a "buy" rating and a $60.00 price objective for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Financiero Galicia in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.00.
Read Our Latest Stock Report on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Up 21.7%
The business's fifty day simple moving average is $38.09 and its 200 day simple moving average is $49.31. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 5.08 and a beta of 1.54.
Grupo Financiero Galicia Dividend Announcement
The firm also recently announced a special dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.1381 per share. The ex-dividend date of this dividend was Tuesday, September 30th. Grupo Financiero Galicia's payout ratio is currently 10.46%.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of Grupo Financiero Galicia by 1.9% during the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank's stock worth $596,000 after purchasing an additional 226 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Grupo Financiero Galicia by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank's stock worth $165,000 after purchasing an additional 304 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Grupo Financiero Galicia by 0.7% during the second quarter. Geode Capital Management LLC now owns 54,525 shares of the bank's stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Rokos Capital Management LLP boosted its position in shares of Grupo Financiero Galicia by 0.4% during the second quarter. Rokos Capital Management LLP now owns 110,167 shares of the bank's stock worth $5,549,000 after purchasing an additional 408 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Grupo Financiero Galicia by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank's stock worth $1,683,000 after purchasing an additional 483 shares in the last quarter.
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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