Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Recommendation of "Buy" by Analysts

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) has earned a consensus recommendation of "Buy" from the five ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $61.20.

GGAL has been the subject of a number of research reports. 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. Itau BBA Securities started coverage on shares of Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price objective for the company.

Grupo Financiero Galicia Price Performance

NASDAQ GGAL traded down $0.15 during trading hours on Friday, reaching $54.35. The company's stock had a trading volume of 1,329,022 shares, compared to its average volume of 1,149,146. The firm's 50-day moving average price is $59.13 and its 200-day moving average price is $60.49. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Grupo Financiero Galicia has a 1 year low of $23.53 and a 1 year high of $74.00. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 8.00 and a beta of 1.72.

Grupo Financiero Galicia Cuts Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd were issued a $0.2631 dividend. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is presently 3.98%.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently bought and sold shares of GGAL. CIBC Private Wealth Group LLC bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth about $34,000. Blume Capital Management Inc. purchased a new position in Grupo Financiero Galicia in the first quarter worth about $55,000. Compass Group LLC bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $67,000. Advisors Preferred LLC increased its stake in Grupo Financiero Galicia by 272.2% during the first quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock worth $61,000 after acquiring an additional 803 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in Grupo Financiero Galicia during the fourth quarter valued at approximately $71,000.

About Grupo Financiero Galicia

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.