Bank of New Hampshire Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Bank of New Hampshire acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,987 shares of the bank's stock, valued at approximately $631,000.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth $51,000. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at about $67,000. Banco Santander S.A. bought a new stake in shares of Grupo Financiero Galicia in the second quarter worth about $211,000. Finally, Truist Financial Corp purchased a new stake in shares of Grupo Financiero Galicia in the second quarter worth about $273,000.

Wall Street Analyst Weigh In

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

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL traded down $0.97 during trading hours on Monday, hitting $42.52. 637,201 shares of the company's stock traded hands, compared to its average volume of 1,024,380. The business has a fifty day moving average price of $38.27 and a 200-day moving average price of $33.48. Grupo Financiero Galicia S.A. has a 1 year low of $10.57 and a 1 year high of $47.70. The firm has a market capitalization of $6.27 billion, a P/E ratio of 5.90 and a beta of 1.93.

Grupo Financiero Galicia Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were paid a $0.7248 dividend. This is a positive change 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 32.73%.

Grupo Financiero Galicia 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.

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