NASDAQ:GGALGrupo Financiero Galicia Stock Price, Forecast & News

Grupo Financiero Galicia's stock was trading at $10.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GGAL stock has increased by 11.9% and is now trading at $11.37.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grupo Financiero Galicia in the last year. There are currently 4 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Grupo Financiero Galicia.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) released its quarterly earnings results on Wednesday, June, 10th. The bank reported $0.95 EPS for the quarter, missing the consensus estimate of $1.11 by $0.16. The bank had revenue of $506.60 million for the quarter, compared to analyst estimates of $601.34 million. Grupo Financiero Galicia had a net margin of 27.10% and a return on equity of 39.23%.
View Grupo Financiero Galicia's earnings history.

6 brokerages have issued 1-year price objectives for Grupo Financiero Galicia's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Grupo Financiero Galicia's share price to reach $20.00 in the next year. This suggests a possible upside of 75.9% from the stock's current price.
View analysts' price targets for Grupo Financiero Galicia.

Press coverage about GGAL stock has trended neutral this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Grupo Financiero Galicia earned a news impact score of 0.2 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Grupo Financiero Galicia.

Grupo Financiero Galicia saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,330,000 shares, a decline of 38.4% from the May 31st total of 2,160,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are sold short.
View Grupo Financiero Galicia's Short Interest.

Some companies that are related to Grupo Financiero Galicia include Bancolombia (CIB), Woori Financial Group (WF), GRUPO AVAL ACCI/S (AVAL), Banco Santander Mexico Sa Instcn De (BSMX), Intercorp Financial (IFS), Itau Corpbanca (ITCB), Banco Macro (BMA), Bank of N.T. Butterfield & Son (NTB), SURUGA BANK ADR REP 10 (SUGBY), BBVA Banco Frances (BBAR), Banco Latinoamericano de Comerci Extr (BLX), Peapack-Gladstone Financial (PGC), Grupo Supervielle (SUPV), American Business Bank (AMBZ) and Bco Com Portugues (BPCGY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Grupo Financiero Galicia investors own include Pampa Energia (PAM), BBVA Banco Frances (BBAR), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Ciena (CIEN), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH) and First Data (FDC).

Grupo Financiero Galicia trades on the NASDAQ under the ticker symbol "GGAL."

Grupo Financiero Galicia's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Itau Unibanco Holding S.A. (0.29%), Teacher Retirement System of Texas (0.26%), Russell Investments Group Ltd. (0.20%), Grantham Mayo Van Otterloo & Co. LLC (0.16%), Goldman Sachs Group Inc. (0.09%) and Aigen Investment Management LP (0.05%).

GGAL stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., UBS Group AG, Bank of America Corp DE, Macquarie Group Ltd., Mitsubishi UFJ Kokusai Asset Management Co. Ltd., Bank of Montreal Can, and Globeflex Capital L P.

GGAL stock was purchased by a variety of institutional investors in the last quarter, including Itau Unibanco Holding S.A., Russell Investments Group Ltd., Grantham Mayo Van Otterloo & Co. LLC, Teacher Retirement System of Texas, Man Group plc, Aigen Investment Management LP, First Trust Advisors LP, and Assenagon Asset Management S.A..

Shares of GGAL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GGAL stock can currently be purchased for approximately $11.37.

Grupo Financiero Galicia has a market capitalization of $1.62 billion and generates $2.12 billion in revenue each year. The bank earns $490.76 million in net income (profit) each year or $4.74 on an earnings per share basis. Grupo Financiero Galicia employs 9,718 workers across the globe.

The official website for Grupo Financiero Galicia is www.gfgsa.com.

Grupo Financiero Galicia's mailing address is TTE. GRAL. JUAN D. PERON 430 25TH FLOOR, BUENOS AIRES C1, C1038 AAJ. The bank can be reached via phone at 54-11-4343-7528 or via email at [email protected]