Turim 21 Investimentos Ltda. Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Turim 21 Investimentos Ltda. acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,812 shares of the bank’s stock, valued at approximately $453,000. Grupo Financiero Galicia makes up approximately 0.1% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 21st largest position.

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

Grupo Financiero Galicia Price Performance

GGAL stock opened at $46.63 on Monday. 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 50-day moving average of $34.95 and a 200 day moving average of $31.98. The company has a market cap of $6.88 billion, a P/E ratio of 6.47 and a beta of 1.93.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were paid 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 dividend payout ratio (DPR) is presently 34.40%.

Analysts Set New Price Targets

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