Grupo Financiero Galicia S.A. (GGAL) is looking forward to a strong quarter

Grupo Financiero Galicia S.A. (NASDAQ: GGAL) stock fell -2.30% on Friday to $7.64 against a previous-day closing price of $7.82. With 1.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.68 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $8.12 whereas the lowest price it dropped to was $7.57. The 52-week range on GGAL shows that it touched its highest point at $12.32 and its lowest point at $5.75 during that stretch. It currently has a 1-year price target of $11.38. With its current market cap of 2.02 billion, GGAL has annualized dividend of $0.36 while the current yield stands at 4.78%. Beta for the stock currently stands at 1.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GGAL was up-trending over the past week, with a rise of 3.38%, but this was up by 14.20% over a month. Three-month performance dropped to -14.90% while six-month performance fell -17.56%. The stock lost -0.68% in the past year, while it has lost -16.70% so far this year. A look at the trailing 12-month EPS for GGAL yields 1.80 with Next year EPS estimates of 2.92. For the next quarter, that number is 0.77. This implies an EPS growth rate of -16.90% for this year and -21.30% for next year.

Float and Shares Shorts:

At present, 147.47 million GGAL shares are outstanding with a float of 90.03 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.14 million, which was 1.45% higher than short shares on Jun 14, 2022. In addition to Mr. Fabian Enrique Kon as the firm’s GM & CEO, Mr. Diego H. Rivas serves as its Chief Financial & Compliance Officer.

Institutional Ownership:

Through their ownership of 10.94% of GGAL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.91% of GGAL, in contrast to 2.22% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GGAL with 2.59% of the stake, INCA Investments LLC holds 3,086,245 shares worth 3,086,245. A second-largest stockholder of GGAL, Discovery Capital Management LLC, holds 2,468,451 shares, controlling over 2.07% of the firm’s shares. BlackRock Investment Management is the third largest shareholder in GGAL, holding 756,130 shares or 0.63% stake. With a 0.63% stake in GGAL, the BlackRock Strategic Fds. – Emergi is the largest stakeholder. A total of 756,130 shares are owned by the mutual fund manager. The Schroder ISF – Latin American, which owns about 0.36% of GGAL stock, is the second-largest Mutual Fund holder. It holds 424,609 shares valued at 2.93 million. Global X MSCI Argentina ETF holds 0.15% of the stake in GGAL, owning 174,940 shares worth 1.21 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGAL since 9 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 4 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GGAL analysts setting a high price target of $42.48 and a low target of $1.82, the average target price over the next 12 months is $15.64. Based on these targets, GGAL could surge 456.02% to reach the target high and fall by -76.18% to reach the target low. Reaching the average price target will result in a growth of 104.71% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GGAL will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $6.07 being high and $1.43 being low. For GGAL, this leads to a yearly average estimate of $2.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Grupo Financiero Galicia S.A. surprised analysts by -$0.11 when it reported $0.30 EPS against a consensus estimate of $0.41. The surprise factor in the prior quarter was -$0.17. Based on analyst estimates, the high estimate for the next quarter is $0.67 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.45.

Dividends & Yield:

In terms of dividends, GGAL has a dividend of $0.21 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and GGAL currently yields $0.88. In the past year, GGAL’s dividend yield has been $0.88, but when looking at the stock over the past five years, its yield has been $1.24. Accordingly, GGAL has a current buyback yield of $0.00. This was $0.00 for the TTM.

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