Baader Bank Aktiengesellschaft Increases Stock Position in Grupo Financiero Galicia S.A. $GGAL

Baader Bank Aktiengesellschaft grew its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 217.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,096 shares of the bank’s stock after acquiring an additional 11,710 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Grupo Financiero Galicia were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Grupo Financiero Galicia by 131.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after buying an additional 533 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Grupo Financiero Galicia by 240.5% during the second 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 shares of Grupo Financiero Galicia in the third quarter valued at about $110,000. Raymond James Financial Inc. purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth about $151,000. Finally, SG Americas Securities LLC acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth about $165,000.

Grupo Financiero Galicia Trading Down 10.7%

Shares of GGAL stock opened at $45.44 on Friday. Grupo Financiero Galicia S.A. has a twelve month low of $25.89 and a twelve month high of $66.24. The company’s 50-day moving average price is $52.60 and its 200-day moving average price is $46.17. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 22.95 and a beta of 1.44.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1455 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.14. Grupo Financiero Galicia’s payout ratio is 88.38%.

Analyst Ratings Changes

GGAL has been the topic of several research analyst reports. UBS Group began coverage on Grupo Financiero Galicia in a report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 price objective on the stock. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group raised Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.25.

Grupo Financiero Galicia Profile

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.