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.
Institutional Ownership:
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.
Analysts Ratings:
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.
