Grupo Financiero Galicia Target of Unusually Large Options Trading (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 7,139 put options on the stock. This represents an increase of 285% compared to the average daily volume of 1,854 put options.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of institutional investors have recently modified their holdings of GGAL. R Squared Ltd acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $34,000. Blume Capital Management Inc. acquired a new position in Grupo Financiero Galicia in the 1st quarter worth about $55,000. Advisors Preferred LLC raised its position in Grupo Financiero Galicia by 272.2% in the first quarter. Advisors Preferred LLC now owns 1,098 shares of the bank's stock valued at $61,000 after purchasing an additional 803 shares during the last quarter. Finally, Compass Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $67,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL traded up $0.94 during trading on Friday, reaching $55.32. 815,487 shares of the company traded hands, compared to its average volume of 1,110,911. The company's 50 day moving average is $58.30 and its two-hundred day moving average is $60.53. The firm has a market capitalization of $8.16 billion, a PE ratio of 8.15 and a beta of 1.72. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia has a 52 week low of $23.53 and a 52 week high of $74.00.

Grupo Financiero Galicia Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.2631 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is currently 3.83%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GGAL shares. 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 initiated coverage on 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. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.

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.