B. Riley Wealth Advisors Inc. Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,060 shares of the bank's stock, valued at approximately $582,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $51,000. Headlands Technologies LLC purchased a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth about $67,000. Banco Santander S.A. bought a new stake in Grupo Financiero Galicia during the second quarter worth about $211,000. Finally, Claro Advisors LLC bought a new stake in Grupo Financiero Galicia in the first quarter worth $235,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GGAL shares. StockNews.com upgraded shares of Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a report on Thursday, August 29th. Bank of America raised shares of Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and increased their price objective for the company from $28.00 to $36.00 in a report on Thursday, August 8th. Citigroup raised shares of Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 target price for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 price target on the stock in a report on Friday, August 30th.

Grupo Financiero Galicia Stock Up 0.2 %

Shares of Grupo Financiero Galicia stock traded up $0.08 during mid-day trading on Friday, reaching $43.49. 589,402 shares of the stock traded hands, compared to its average volume of 1,026,396. The business has a 50-day moving average of $37.97 and a 200 day moving average of $33.37. The stock has a market capitalization of $6.41 billion, a PE ratio of 6.03 and a beta of 1.93. Grupo Financiero Galicia S.A. has a fifty-two week low of $10.57 and a fifty-two week high of $47.70.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a -- dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a $0.7248 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is a boost from Grupo Financiero Galicia's previous -- dividend of $0.14. Grupo Financiero Galicia's payout ratio is 32.73%.

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.