X Square Capital LLC Buys New Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

X Square Capital LLC bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 7,500 shares of the bank’s stock, valued at approximately $316,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $51,000. Headlands Technologies LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at approximately $67,000. Banco Santander S.A. acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $211,000. Finally, Truist Financial Corp acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $273,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, September 4th. StockNews.com raised 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 note on Friday, August 30th.

Grupo Financiero Galicia Stock Down 1.5 %

Shares of GGAL stock opened at $49.77 on Thursday. The firm has a market cap of $7.34 billion, a P/E ratio of 6.90 and a beta of 1.93. The company has a 50 day moving average of $42.70 and a 200-day moving average of $35.36. Grupo Financiero Galicia S.A. has a 12-month low of $10.76 and a 12-month high of $51.09.

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 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 is 32.73%.

Grupo Financiero Galicia Company 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.