Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Grupo Financiero Galicia, with one sell, three hold, two buy and one strong-buy recommendation. The average 12-month price target is $68.33, while JPMorgan recently raised its target to $85 and maintained an “overweight” rating.
• Insider and institutional interest has increased: a director bought 224,000 shares, bringing insider purchases over the past 90 days to 802,791 shares, while several investment firms—including JPMorgan and Marshall Wace—expanded or initiated positions.
• The stock opened at $41.45, below its 50-day and 200-day moving averages, after the company missed quarterly earnings and revenue estimates. Grupo Financiero Galicia also announced a monthly dividend of $0.0531 per share, representing an annualized yield of about 1.5%.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $68.3333.

A number of brokerages have commented on GGAL. Weiss Ratings lowered shares of Grupo Financiero Galicia from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Zacks Research upgraded shares of Grupo Financiero Galicia from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th.

Insider Buying and Selling

In other news, Director Silvestre Vila Moret acquired 224,000 shares of the firm's stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of $5.36 per share, for a total transaction of $1,200,640.00. Following the transaction, the director owned 3,000,000 shares of the company's stock, valued at approximately $16,080,000. This represents a 8.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders acquired 802,791 shares of company stock valued at $4,253,109.

Hedge Funds Weigh In On Grupo Financiero Galicia

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Grupo Financiero Galicia by 149.5% during the 1st quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank's stock worth $490,000 after purchasing an additional 5,394 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Grupo Financiero Galicia by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank's stock valued at $2,748,000 after purchasing an additional 362 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Grupo Financiero Galicia by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 11,824 shares of the bank's stock worth $596,000 after buying an additional 226 shares during the period. JPMorgan Chase & Co. grew its position in shares of Grupo Financiero Galicia by 93.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 75,302 shares of the bank's stock worth $3,794,000 after buying an additional 36,326 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth approximately $5,299,000.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock opened at $41.45 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.13. The firm has a market cap of $6.66 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.23 and a beta of 1.36. The business's fifty day moving average is $49.44 and its two-hundred day moving average is $47.22. Grupo Financiero Galicia has a 52 week low of $25.89 and a 52 week high of $62.51.

Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.70 billion. Equities research analysts forecast that Grupo Financiero Galicia will post 3.75 earnings per share for the current fiscal year.

Grupo Financiero Galicia Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.0531 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 1.5%. Grupo Financiero Galicia's dividend payout ratio is currently 25.99%.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country's largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.

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