Alphadyne Asset Management LP Buys Shares of 30,000 Grupo Financiero Galicia S.A. $GGAL

Alphadyne Asset Management LP purchased a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the bank’s stock, valued at approximately $827,000.

Several other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares in the last quarter. SBI Securities Co. Ltd. lifted its position 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 worth $61,000 after buying an additional 849 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at $151,000. Acuitas Investments LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $110,000. Finally, SG Americas Securities LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $165,000.

Grupo Financiero Galicia Trading Down 4.6%

Grupo Financiero Galicia stock opened at $41.12 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $25.89 and a 1-year high of $66.24. The firm’s fifty day simple moving average is $49.68 and its 200-day simple moving average is $45.57. The company has a market capitalization of $6.06 billion, a P/E ratio of 20.77 and a beta of 1.48.

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

Grupo Financiero Galicia Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1541 per share. This is a boost from Grupo Financiero Galicia’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. Grupo Financiero Galicia’s dividend payout ratio is currently 93.43%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GGAL shares. Zacks Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. UBS Group began coverage on Grupo Financiero Galicia in a research note on Wednesday, November 19th. They issued a “hold” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday, December 29th. Finally, Wall Street Zen cut 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Hold” and a consensus target price 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.