Grupo Financiero Galicia (NASDAQ:GGAL) Now Covered by Analysts at UBS Group

UBS Group initiated coverage on shares of Grupo Financiero Galicia (NASDAQ:GGAL) in a report issued on Wednesday morning,Benzinga reports. The firm issued a neutral rating and a $60.00 target price on the bank’s stock.

Several other research analysts have also issued reports on the stock. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Financiero Galicia in a report on Thursday, November 13th. HSBC began coverage on Grupo Financiero Galicia in a research report on Wednesday, October 1st. They set a “buy” rating and a $60.00 target price for the company. Wall Street Zen cut Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Grupo Financiero Galicia Trading Down 2.3%

Shares of GGAL stock opened at $49.71 on Wednesday. The firm has a fifty day moving average of $39.46 and a 200-day moving average of $47.15. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 26.16 and a beta of 1.58. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $74.00. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a $0.1349 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 3.3%. Grupo Financiero Galicia’s payout ratio is currently 84.74%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AGF Management Ltd. bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth $12,662,000. Banco Santander S.A. grew its position in shares of Grupo Financiero Galicia by 578.7% during the 1st quarter. Banco Santander S.A. now owns 33,458 shares of the bank’s stock worth $1,822,000 after buying an additional 28,528 shares during the period. Diversified Trust Co bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth approximately $413,000. Banco BTG Pactual S.A. raised its stake in shares of Grupo Financiero Galicia by 62.3% during the first quarter. Banco BTG Pactual S.A. now owns 163,558 shares of the bank’s stock worth $8,909,000 after buying an additional 62,755 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Grupo Financiero Galicia in the first quarter valued at approximately $7,209,000.

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.