Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.25.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a research report on Monday, November 10th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their target price for the company from $46.00 to $75.00 in a research report on Tuesday, October 28th. Finally, UBS Group initiated coverage on shares of Grupo Financiero Galicia in a report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 price target for the company.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL opened at $53.92 on Tuesday. The company has a 50 day moving average price of $52.83 and a 200-day moving average price of $46.06. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $67.54. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 27.23 and a beta of 1.44.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be given a dividend of $0.1455 per share. This is a boost from Grupo Financiero Galicia’s previous monthly dividend of $0.14. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%. Grupo Financiero Galicia’s payout ratio is currently 86.36%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after acquiring an additional 533 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after purchasing an additional 849 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Grupo Financiero Galicia during the 3rd quarter worth $110,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth $151,000.

About Grupo Financiero Galicia

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.