Grupo Financiero Galicia (NASDAQ:GGAL) Trading Up 4.2%

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price was up 4.2% during mid-day trading on Tuesday . The company traded as high as $40.86 and last traded at $40.81. Approximately 700,389 shares were traded during trading, a decline of 32% from the average daily volume of 1,026,025 shares. The stock had previously closed at $39.17.

Analysts Set New Price Targets

GGAL has been the topic of a number of analyst reports. Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their price objective for the company from $28.00 to $36.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a report on Friday, August 30th. StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday.

Grupo Financiero Galicia Stock Performance

The company has a market capitalization of $6.19 billion, a PE ratio of 6.74 and a beta of 2.03. The company’s 50-day simple moving average is $31.35 and its 200-day simple moving average is $30.03.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were given a dividend of $0.7248 per share. This is an increase from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date was Monday, August 19th. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 39.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ping Capital Management Inc. purchased a new stake in shares of Grupo Financiero Galicia in the second quarter valued at about $23,611,000. William Blair Investment Management LLC purchased a new stake in shares of Grupo Financiero Galicia in the second quarter valued at about $8,573,000. BNP Paribas Financial Markets boosted its holdings in shares of Grupo Financiero Galicia by 266.5% in the first quarter. BNP Paribas Financial Markets now owns 338,939 shares of the bank’s stock valued at $8,616,000 after acquiring an additional 246,452 shares in the last quarter. PEAK6 Investments LLC boosted its holdings in shares of Grupo Financiero Galicia by 135.8% in the first quarter. PEAK6 Investments LLC now owns 64,480 shares of the bank’s stock valued at $1,639,000 after acquiring an additional 244,580 shares in the last quarter. Finally, INCA Investments LLC boosted its holdings in shares of Grupo Financiero Galicia by 27.6% in the first quarter. INCA Investments LLC now owns 1,078,149 shares of the bank’s stock valued at $27,407,000 after acquiring an additional 232,980 shares in the last quarter.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.