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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $61.20.

Several research firms have issued reports on GGAL. Wall Street Zen downgraded Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Itau BBA Securities began coverage on Grupo Financiero Galicia in a research note on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price target on the stock.

Grupo Financiero Galicia Trading Down 3.3%

GGAL stock traded down $1.61 during midday trading on Wednesday, hitting $47.10. 1,267,588 shares of the company's stock were exchanged, compared to its average volume of 1,167,659. The stock's fifty day moving average price is $55.94 and its 200-day moving average price is $59.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $6.95 billion, a PE ratio of 6.94 and a beta of 1.64. Grupo Financiero Galicia has a one year low of $23.53 and a one year high of $74.00.

Grupo Financiero Galicia Cuts Dividend

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

Institutional Trading of Grupo Financiero Galicia

Hedge funds and other institutional investors have recently modified their holdings of the stock. BTG Pactual Asset Management US LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at about $315,000. Vontobel Holding Ltd. acquired a new stake in shares of Grupo Financiero Galicia in the first quarter valued at about $225,000. William Blair Investment Management LLC increased its position in shares of Grupo Financiero Galicia by 778.9% in the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after acquiring an additional 798,542 shares during the last quarter. Jump Financial LLC increased its position in shares of Grupo Financiero Galicia by 15.2% in the fourth quarter. Jump Financial LLC now owns 186,400 shares of the bank's stock valued at $11,616,000 after acquiring an additional 24,564 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at about $15,446,000.

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.