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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) has been given a consensus rating of "Buy" by the five research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $61.20.

A number of brokerages have recently weighed in on GGAL. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a research note on Tuesday, May 20th. They set an "outperform" rating and a $70.00 price objective 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.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock traded down $0.71 during mid-day trading on Wednesday, reaching $49.98. The company had a trading volume of 1,526,962 shares, compared to its average volume of 1,155,592. Grupo Financiero Galicia has a 1 year low of $23.53 and a 1 year high of $74.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $7.37 billion, a P/E ratio of 7.36 and a beta of 1.64. The stock's 50-day simple moving average is $56.56 and its 200-day simple moving average is $59.47.

Grupo Financiero Galicia Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.2631 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. Grupo Financiero Galicia's payout ratio is 3.98%.

Institutional Trading of Grupo Financiero Galicia

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at $34,000. Blume Capital Management Inc. acquired a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at $55,000. Advisors Preferred LLC lifted its holdings in shares of Grupo Financiero Galicia by 272.2% during the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock valued at $61,000 after acquiring an additional 803 shares in the last quarter. Compass Group LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at $67,000. Finally, GeoWealth Management LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at $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.