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

B. Riley Wealth Advisors Inc. purchased 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 firm purchased 19,060 shares of the bank’s stock, valued at approximately $582,000.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GGAL. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a research report on Friday, August 30th. StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $36.00 in a report on Thursday, August 8th. Finally, Citigroup raised 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, September 4th.

Grupo Financiero Galicia Stock Up 0.2 %

Shares of GGAL stock opened at $43.49 on Friday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 6.03 and a beta of 1.93. The company’s 50 day moving average is $37.97 and its 200 day moving average is $33.31. Grupo Financiero Galicia S.A. has a 52-week low of $10.57 and a 52-week high of $47.70.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were issued 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 dividend payout ratio (DPR) is presently 32.73%.

About Grupo Financiero Galicia

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.