Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $51.08 and last traded at $50.82, with a volume of 70397 shares. The stock had previously closed at $50.63.
Wall Street Analyst Weigh In
Several research firms have recently commented on GGAL. Bank of America raised shares of Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and increased their price target for the company from $28.00 to $36.00 in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 target price for the company in a research note on Friday, August 30th. Citigroup raised Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 price target on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com upgraded Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th.
Get Our Latest Analysis on GGAL
Grupo Financiero Galicia Trading Down 0.2 %
The company has a market cap of $7.45 billion, a price-to-earnings ratio of 7.01 and a beta of 1.93. The stock has a 50 day moving average price of $42.41 and a two-hundred day moving average price of $35.26.
Grupo Financiero Galicia Increases Dividend
The business also recently announced a -- dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were given a dividend of $0.7248 per share. This is a positive change from Grupo Financiero Galicia's previous -- dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th. Grupo Financiero Galicia's payout ratio is presently 32.73%.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Banco Santander S.A. acquired a new stake in Grupo Financiero Galicia during the 2nd quarter worth $211,000. William Blair Investment Management LLC acquired a new stake in shares of Grupo Financiero Galicia during the second quarter worth about $8,573,000. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at about $67,000. Turim 21 Investimentos Ltda. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $453,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at approximately $582,000.
About Grupo Financiero Galicia
(
Get Free Report)
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.
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