Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of "Buy" from Brokerages

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

A number of equities research analysts recently commented on the stock. Itau BBA Securities assumed coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price objective for the company. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL traded down $1.61 during mid-day trading on Wednesday, reaching $47.10. The stock had a trading volume of 1,267,391 shares, compared to its average volume of 1,162,075. 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 firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 6.94 and a beta of 1.64. Grupo Financiero Galicia has a twelve month low of $23.53 and a twelve month high of $74.00. The business has a 50 day simple moving average of $56.16 and a 200 day simple moving average of $59.30.

Grupo Financiero Galicia Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Investors 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 is currently 3.83%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GGAL. EverSource Wealth Advisors LLC raised its position in shares of Grupo Financiero Galicia by 60,716.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,298 shares of the bank's stock worth $455,000 after purchasing an additional 7,286 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Grupo Financiero Galicia by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after acquiring an additional 618 shares during the period. William Blair Investment Management LLC grew its stake in Grupo Financiero Galicia by 778.9% in the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock worth $56,152,000 after acquiring an additional 798,542 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth approximately $906,000. Finally, Virtu Financial LLC grew its stake in Grupo Financiero Galicia by 86.5% in the 4th quarter. Virtu Financial LLC now owns 17,331 shares of the bank's stock worth $1,080,000 after acquiring an additional 8,036 shares during the period.

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.