Grupo Financiero Galicia S.A. (NASDAQ: GGAL) stock jumped 6.67% on Friday to $13.75 against a previous-day closing price of $12.89. With 1.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $13.92 whereas the lowest price it dropped to was $12.57. The 52-week range on GGAL shows that it touched its highest point at $14.25 and its lowest point at $5.75 during that stretch. It currently has a 1-year price target of $9.92. With its current market cap of 3.01 billion, GGAL has annualized dividend of $0.09 while the current yield stands at 0.65%. Beta for the stock currently stands at 1.58.
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 7.00%, but this was up by 72.74% over a month. Three-month performance surged to 84.07% while six-month performance rose 131.87%. The stock gained 58.09% in the past year, while it has gained 41.32% so far this year. A look at the trailing 12-month EPS for GGAL yields 1.34 with Next year EPS estimates of 3.78. For the next quarter, that number is 0.84. This implies an EPS growth rate of -16.90% for this year and 246.80% 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 Oct 13, 2022, short shares totaled 1.48 million, which was 1.00% higher than short shares on Sep 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.
Through their ownership of 9.77% of GGAL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.33% of GGAL, in contrast to 1.46% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GGAL with 3.12% of the stake, INCA Investments LLC holds 3,721,051 shares worth 3,721,051. A second-largest stockholder of GGAL, Discovery Capital Management LLC, holds 1,690,376 shares, controlling over 1.42% of the firm’s shares. Arrowstreet Capital LP is the third largest shareholder in GGAL, holding 1,054,218 shares or 0.88% 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 Global X MSCI Argentina ETF, which owns about 0.15% of GGAL stock, is the second-largest Mutual Fund holder. It holds 175,568 shares valued at 1.71 million. Andra AP Fonden holds 0.11% of the stake in GGAL, owning 129,800 shares worth 1.26 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGAL since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 1 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 $44.30 and a low target of $7.00, the average target price over the next 12 months is $21.30. Based on these targets, GGAL could surge 222.18% to reach the target high and fall by -49.09% to reach the target low. Reaching the average price target will result in a growth of 54.91% 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 02/13/2024. Analysts have provided yearly estimates in a range of $4.07 being high and $0.83 being low. For GGAL, this leads to a yearly average estimate of $2.17. 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 -$0.18 when it reported $0.20 EPS against a consensus estimate of $0.37. The surprise factor in the prior quarter was -$0.13. Based on analyst estimates, the high estimate for the next quarter is $0.72 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.50.
Dividends & Yield:
In terms of dividends, GGAL has a current ratio of $0.31, which is $0.31 over the trailing 12-months, while a dividend of $0.23 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 $2.22. In the past year, GGAL’s dividend yield has been $2.22, but when looking at the stock over the past five years, its yield has been $1.69. Accordingly, GGAL has a current buyback yield of $0.0. This was $0.0 for the TTM.