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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $61.20.

A number of brokerages recently weighed in on GGAL. Itau BBA Securities began coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 target price for the company. Wall Street Zen lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several institutional investors have recently bought and sold shares of the business. PointState Capital LP lifted its position in Grupo Financiero Galicia by 160.5% during the first quarter. PointState Capital LP now owns 1,504,157 shares of the bank's stock valued at $81,931,000 after purchasing an additional 926,820 shares during the last quarter. NWI Management LP lifted its position in Grupo Financiero Galicia by 254.9% during the first quarter. NWI Management LP now owns 99,312 shares of the bank's stock valued at $5,410,000 after purchasing an additional 71,325 shares during the last quarter. NewEdge Advisors LLC lifted its position in Grupo Financiero Galicia by 149.5% during the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank's stock valued at $490,000 after purchasing an additional 5,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Grupo Financiero Galicia by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,272,932 shares of the bank's stock valued at $69,337,000 after purchasing an additional 49,994 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Grupo Financiero Galicia by 112.3% in the first quarter. Itau Unibanco Holding S.A. now owns 469,272 shares of the bank's stock valued at $24,624,000 after acquiring an additional 248,268 shares during the period.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL traded down $1.47 during midday trading on Friday, reaching $54.67. 1,772,080 shares of the company were exchanged, compared to its average volume of 1,146,167. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The business's fifty day moving average is $58.91 and its two-hundred day moving average is $60.52. Grupo Financiero Galicia has a one year low of $23.53 and a one year high of $74.00. The stock has a market cap of $8.06 billion, a PE ratio of 8.05 and a beta of 1.72.

Grupo Financiero Galicia Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.2631 per share. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is currently 3.83%.

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.