11,507 Shares in Grupo Financiero Galicia S.A. $GGAL Acquired by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,507 shares of the bank’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. RWC Asset Advisors US LLC lifted its holdings in shares of Grupo Financiero Galicia by 848.1% in the 3rd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Grupo Financiero Galicia by 52.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after purchasing an additional 664,533 shares in the last quarter. RWC Asset Management LLP grew its holdings in shares of Grupo Financiero Galicia by 240.3% during the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock valued at $22,769,000 after purchasing an additional 583,403 shares during the last quarter. Banco BTG Pactual S.A. grew its holdings in shares of Grupo Financiero Galicia by 198.3% during the 2nd quarter. Banco BTG Pactual S.A. now owns 487,916 shares of the bank’s stock valued at $24,586,000 after purchasing an additional 324,358 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new position in Grupo Financiero Galicia in the 3rd quarter worth $8,701,000.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $43.87 on Friday. The firm has a market cap of $6.47 billion, a P/E ratio of 22.16 and a beta of 1.48. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $66.24. The business’s 50 day moving average price is $48.65 and its 200-day moving average price is $45.60.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Wednesday, March 4th. The bank reported ($0.36) EPS for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. The business had revenue of $1.61 billion for the quarter. As a group, equities analysts predict that Grupo Financiero Galicia S.A. will post 7.49 EPS for the current year.

Grupo Financiero Galicia Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1541 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Grupo Financiero Galicia’s previous monthly dividend of $0.15. Grupo Financiero Galicia’s payout ratio is presently 93.43%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GGAL. Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Financiero Galicia currently has a consensus rating of “Hold” and a consensus price target of $65.50.

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.