Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) have earned an average rating of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $67.00.

Several analysts have recently commented on GGAL shares. Wall Street Zen cut Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a report on Friday, September 26th. HSBC initiated coverage on Grupo Financiero Galicia in a research note on Wednesday, October 1st. They issued a "buy" rating and a $60.00 target price on the stock. Hsbc Global Res raised Grupo Financiero Galicia to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Financiero Galicia in a research report on Saturday. Finally, Citigroup lowered Grupo Financiero Galicia from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $35.43 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $34.25 and its two-hundred day moving average is $47.80. The company has a market cap of $5.22 billion, a P/E ratio of 5.22 and a beta of 1.54. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $74.00.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, October 7th. Investors 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 dividend payout ratio (DPR) is presently 10.46%.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. bought a new stake in shares of Grupo Financiero Galicia during the 1st quarter valued at about $225,000. Whittier Trust Co. bought a new position in Grupo Financiero Galicia in the first quarter worth approximately $675,000. Banco Santander S.A. boosted its holdings in Grupo Financiero Galicia by 578.7% in the first quarter. Banco Santander S.A. now owns 33,458 shares of the bank's stock worth $1,822,000 after acquiring an additional 28,528 shares in the last quarter. Diversified Trust Co bought a new position in Grupo Financiero Galicia in the second quarter worth approximately $413,000. Finally, Banco BTG Pactual S.A. boosted its holdings in Grupo Financiero Galicia by 62.3% in the first quarter. Banco BTG Pactual S.A. now owns 163,558 shares of the bank's stock worth $8,909,000 after acquiring an additional 62,755 shares in the last quarter.

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.

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