Grupo Financiero Galicia ADR (NASDAQ: GGAL) stock jumped 5.31% on Friday to $12.50 against a previous-day closing price of $11.87. With 1.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $12.67 whereas the lowest price it dropped to was $11.75. The 52-week range on GGAL shows that it touched its highest point at $18.50 and its lowest point at $6.46 during that stretch. It currently has a 1-year price target of $21.84. With its current market cap of 1.49 billion, GGAL has annualized dividend of $0.75 while the current yield stands at 6.00%. Beta for the stock currently stands at 1.84.
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 6.11%, but this was up by 7.11% over a month. Three-month performance dropped to -15.45% while six-month performance rose 16.13%. The stock gained 83.04% in the past year, while it has gained 39.21% so far this year. A look at the trailing 12-month EPS for GGAL yields 4.00 with Next year EPS estimates of 1.66.
Float and Shares Shorts:
At present, 119.35 million GGAL shares are outstanding with a float of 119.33 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.7 million, which was 1.15% higher than short shares on Sep 28, 2023. 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 12.05% of GGAL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.49% of GGAL, in contrast to 1.78% held by mutual funds. As the largest shareholder in GGAL with 1.60% of the stake, INCA Investments LLC holds 1,910,503 shares worth 1,910,503. A second-largest stockholder of GGAL, Arrowstreet Capital LP, holds 983,791 shares, controlling over 0.82% of the firm’s shares. Driehaus Capital Management LLC is the third largest shareholder in GGAL, holding 689,431 shares or 0.58% stake. With a 0.38% stake in GGAL, the BlackRock Strategic Fds. – Emergi is the largest stakeholder. A total of 452,862 shares are owned by the mutual fund manager. The Redwheel Next Generation Emerging, which owns about 0.29% of GGAL stock, is the second-largest Mutual Fund holder. It holds 349,385 shares valued at 3.92 million. Driehaus Mutual Funds – Emerging holds 0.24% of the stake in GGAL, owning 289,121 shares worth 3.24 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGAL since 0 analysts follow the stock currently. 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 $64.57 and a low target of $7.00, the average target price over the next 12 months is $21.84. Based on these targets, GGAL could surge 416.56% to reach the target high and fall by -44.0% to reach the target low. Reaching the average price target will result in a growth of 74.72% from current levels.
Dividends & Yield:
In terms of dividends, GGAL has a current ratio of $0.59, which is $0.59 over the trailing 12-months, while a dividend of $0.25 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 $4.72. In the past year, GGAL’s dividend yield has been $4.72, but when looking at the stock over the past five years, its yield has been $2.05. Accordingly, GGAL has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $– for the past five years.