Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Rating) traded down 3% during mid-day trading on Thursday . The stock traded as low as $7.71 and last traded at $7.71. 1,588 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 399,876 shares. The stock had previously closed at $7.95.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. TheStreet upgraded shares of Grupo Financiero Galicia from a "c" rating to a "b-" rating in a research report on Monday, September 26th. StockNews.com assumed coverage on shares of Grupo Financiero Galicia in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.
Get Grupo Financiero Galicia alerts:Grupo Financiero Galicia Stock Down 0.9 %
The business's fifty day moving average price is $7.67 and its 200 day moving average price is $7.82. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07.
Grupo Financiero Galicia Cuts Dividend
The firm also recently disclosed an annual dividend, which was paid on Tuesday, October 11th. Stockholders of record on Monday, October 3rd were issued a dividend of $0.0895 per share. This represents a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, September 30th.Hedge Funds Weigh In On Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently made changes to their positions in GGAL. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth about $101,000. Great West Life Assurance Co. Can lifted its holdings in Grupo Financiero Galicia by 135.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 10,730 shares of the bank's stock valued at $123,000 after purchasing an additional 6,176 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Grupo Financiero Galicia by 16.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,475 shares of the bank's stock valued at $145,000 after purchasing an additional 1,952 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Grupo Financiero Galicia during the 1st quarter valued at about $146,000. Finally, Quantbot Technologies LP bought a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $148,000. 7.29% of the stock is owned by institutional investors.
About Grupo Financiero Galicia
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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. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services.
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