Key Points
- Director Silvestre Vila Moret bought 175,824 shares of Grupo Financiero Galicia at $5.46 each, a transaction worth about $960,000, increasing his stake by 6.76%. The filing also shows he made several additional purchases in early July and late June.
- GGAL shares were noted as down 4.3% in the session, though the stock was still trading near its recent range with a 52-week high of $62.51 and low of $25.89. The company has a market cap of about $8.26 billion.
- The bank recently missed earnings expectations, reporting $0.29 EPS versus the $0.36 consensus and revenue of $1.55 billion versus $1.70 billion expected. Analysts currently rate the stock a consensus Hold with an average price target of $68.33.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) Director Silvestre Vila Moret acquired 175,824 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of $5.46 per share, for a total transaction of $959,999.04. Following the transaction, the director owned 2,776,000 shares of the company's stock, valued at approximately $15,156,960. This represents a 6.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Silvestre Vila Moret also recently made the following trade(s):
- On Wednesday, July 8th, Silvestre Vila Moret bought 224,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average price of $5.36 per share, with a total value of $1,200,640.00.
- On Tuesday, July 7th, Silvestre Vila Moret bought 176 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.46 per share, with a total value of $960.96.
- On Wednesday, July 1st, Silvestre Vila Moret purchased 100,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.11 per share, for a total transaction of $511,000.00.
- On Tuesday, June 30th, Silvestre Vila Moret purchased 167,791 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.27 per share, for a total transaction of $884,258.57.
- On Monday, June 29th, Silvestre Vila Moret purchased 10,000 shares of Grupo Financiero Galicia stock. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00.
- On Friday, June 26th, Silvestre Vila Moret acquired 125,000 shares of Grupo Financiero Galicia stock. The stock was acquired at an average cost of $5.15 per share, with a total value of $643,750.00.
Grupo Financiero Galicia Stock Down 4.3%
GGAL stock opened at $51.41 on Tuesday. The firm has a market cap of $8.26 billion, a PE ratio of 22.65, a PEG ratio of 0.37 and a beta of 1.34. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $62.51. The company has a fifty day simple moving average of $48.49 and a 200 day simple moving average of $48.48. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.
Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) last posted its earnings results on Tuesday, May 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.70 billion. Sell-side analysts anticipate that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current fiscal year.
Grupo Financiero Galicia Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a dividend of $0.6229 per share. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date was Monday, May 4th. Grupo Financiero Galicia's dividend payout ratio is 214.10%.
Analysts Set New Price Targets
GGAL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Grupo Financiero Galicia in a research report on Wednesday, June 24th. Wall Street Zen upgraded Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a report on Saturday, June 27th. Finally, Zacks Research raised shares of Grupo Financiero Galicia from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $68.33.
View Our Latest Stock Analysis on Grupo Financiero Galicia
Institutional Investors Weigh In On Grupo Financiero Galicia
Several hedge funds and other institutional investors have recently made changes to their positions in GGAL. Amundi increased its stake in shares of Grupo Financiero Galicia by 11.9% in the first quarter. Amundi now owns 149,789 shares of the bank's stock worth $6,997,000 after purchasing an additional 15,962 shares during the period. Royal Bank of Canada lifted its position in shares of Grupo Financiero Galicia by 9.1% during the 1st quarter. Royal Bank of Canada now owns 44,531 shares of the bank's stock worth $2,080,000 after purchasing an additional 3,729 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Grupo Financiero Galicia by 4.8% during the 1st quarter. Lazard Asset Management LLC now owns 165,572 shares of the bank's stock valued at $7,734,000 after purchasing an additional 7,603 shares during the period. Turim 21 Investimentos Ltda. boosted its stake in Grupo Financiero Galicia by 74.4% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 41,586 shares of the bank's stock valued at $1,942,000 after purchasing an additional 17,746 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in Grupo Financiero Galicia in the 1st quarter valued at approximately $7,879,000.
About Grupo Financiero Galicia
(
Get Free Report)
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.
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