Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors acquired 9,635 put options on the company. This is an increase of 124% compared to the typical daily volume of 4,310 put options.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GGAL. Zacks Research cut Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Wall Street Zen raised Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a report on Sunday, September 14th. Finally, Citigroup lowered Grupo Financiero Galicia from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $81.00.
View Our Latest Stock Report on Grupo Financiero Galicia
Hedge Funds Weigh In On Grupo Financiero Galicia
Hedge funds and other institutional investors have recently made changes to their positions in the company. Blume Capital Management Inc. acquired a new position in shares of Grupo Financiero Galicia in the 1st quarter valued at $55,000. Advisors Preferred LLC lifted its holdings in shares of Grupo Financiero Galicia by 272.2% in the 1st 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. SBI Securities Co. Ltd. boosted its position in shares of Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank's stock worth $61,000 after purchasing an additional 849 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at $151,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Grupo Financiero Galicia by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank's stock worth $165,000 after purchasing an additional 304 shares in the last quarter.
Grupo Financiero Galicia Price Performance
Grupo Financiero Galicia stock traded up $5.58 during trading on Monday, reaching $32.03. The company had a trading volume of 7,239,567 shares, compared to its average volume of 1,544,060. The firm has a market capitalization of $4.72 billion, a PE ratio of 4.72 and a beta of 1.71. The firm's 50-day simple moving average is $43.54 and its 200 day simple moving average is $51.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $74.00.
Grupo Financiero Galicia Dividend Announcement
The company also recently announced a special dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.1381 per share. The ex-dividend date of this dividend is Tuesday, September 30th. Grupo Financiero Galicia's dividend payout ratio is presently 8.39%.
About Grupo Financiero Galicia
(
Get Free Report)
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.
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