Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Receives Consensus Recommendation of “Hold” from Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

Several brokerages have recently commented on GGAL. Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a report on Tuesday, July 2nd. ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. set a €118.00 ($137.21) target price on Deutsche Boerse and gave the company a “neutral” rating in a research report on Monday, April 29th.

Shares of GGAL traded down $0.07 during midday trading on Friday, hitting $37.86. 587,156 shares of the company’s stock traded hands, compared to its average volume of 941,954. Grupo Financiero Galicia has a 1 year low of $18.30 and a 1 year high of $39.22. The company’s fifty day moving average is $31.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.41 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data on Thursday, May 9th. The bank reported $1.63 EPS for the quarter, beating the consensus estimate of $0.74 by $0.89. Grupo Financiero Galicia had a return on equity of 31.89% and a net margin of 20.31%. The firm had revenue of $262.78 million during the quarter, compared to analyst estimates of $490.98 million. As a group, research analysts expect that Grupo Financiero Galicia will post 3.74 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GGAL. Comerica Bank acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth about $237,000. USS Investment Management Ltd acquired a new stake in Grupo Financiero Galicia during the 1st quarter worth about $10,210,000. TD Asset Management Inc. grew its position in Grupo Financiero Galicia by 48.2% during the 1st quarter. TD Asset Management Inc. now owns 34,057 shares of the bank’s stock worth $869,000 after purchasing an additional 11,080 shares during the period. BlackRock Inc. grew its position in Grupo Financiero Galicia by 44.9% during the 4th quarter. BlackRock Inc. now owns 2,390,466 shares of the bank’s stock worth $65,905,000 after purchasing an additional 740,685 shares during the period. Finally, Marshall Wace LLP grew its position in Grupo Financiero Galicia by 5.3% during the 1st quarter. Marshall Wace LLP now owns 152,196 shares of the bank’s stock worth $3,884,000 after purchasing an additional 7,693 shares during the period. 25.65% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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