Analysts Set Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Price Target at $71.40

by · The Markets Daily

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Free Report) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $66.25.

GGAL has been the subject of several recent research reports. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. UBS Group initiated coverage on Grupo Financiero Galicia in a research report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 target price for the company. HSBC began coverage on Grupo Financiero Galicia in a report on Wednesday, October 1st. They set a “buy” rating and a $60.00 target price on the stock. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday.

Get Our Latest Report on GGAL

Institutional Trading of Grupo Financiero Galicia

Large investors have recently modified their holdings of the business. RWC Asset Advisors US LLC increased its position in shares of Grupo Financiero Galicia by 848.1% during the third quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock worth $42,448,000 after acquiring an additional 1,377,735 shares during the last quarter. PointState Capital LP grew its stake in Grupo Financiero Galicia by 160.5% during the 1st quarter. PointState Capital LP now owns 1,504,157 shares of the bank’s stock valued at $81,931,000 after purchasing an additional 926,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after purchasing an additional 664,533 shares during the last quarter. RWC Asset Management LLP increased its holdings in Grupo Financiero Galicia by 240.3% during the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock worth $22,769,000 after purchasing an additional 583,403 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Grupo Financiero Galicia by 90.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 893,965 shares of the bank’s stock valued at $45,047,000 after purchasing an additional 424,693 shares in the last quarter.

Grupo Financiero Galicia Price Performance

GGAL opened at $49.83 on Monday. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $74.00. The company has a 50 day moving average of $47.76 and a two-hundred day moving average of $45.64. The company has a market cap of $7.35 billion, a P/E ratio of 25.17 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $0.1406 per share. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 3.4%. Grupo Financiero Galicia’s payout ratio is presently 85.35%.

Grupo Financiero Galicia Company Profile

(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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