Grupo Financiero Galicia (NASDAQ:GGAL) Stock Price Up 5% – Time to Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares rose 5% during trading on Wednesday . The company traded as high as $46.52 and last traded at $46.38. Approximately 1,176,534 shares were traded during trading, an increase of 15% from the average daily volume of 1,023,161 shares. The stock had previously closed at $44.18.

Wall Street Analysts Forecast Growth

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

Grupo Financiero Galicia Trading Up 5.4 %

The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 6.44 and a beta of 1.93. The firm’s 50-day moving average is $38.61 and its two-hundred day moving average is $33.61.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were issued a $0.7248 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $51,000. Headlands Technologies LLC purchased a new stake in shares of Grupo Financiero Galicia in the first quarter valued at about $67,000. Banco Santander S.A. acquired a new stake in Grupo Financiero Galicia during the second quarter worth about $211,000. Finally, Truist Financial Corp purchased a new position in Grupo Financiero Galicia during the second quarter worth about $273,000.

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.