Blue Trust Inc. Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Blue Trust Inc. bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,324 shares of the bank’s stock, valued at approximately $40,000.

A number of other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Grupo Financiero Galicia in the 1st quarter valued at about $67,000. Claro Advisors LLC purchased a new stake in shares of Grupo Financiero Galicia in the 1st quarter valued at approximately $235,000. Shilanski & Associates Inc. purchased a new stake in shares of Grupo Financiero Galicia during the 1st quarter valued at approximately $242,000. Norden Group LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at approximately $383,000. Finally, AdvisorShares Investments LLC purchased a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $516,000.

Analyst Upgrades and Downgrades

GGAL has been the topic of a number of research analyst reports. Bank of America upgraded Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their target price for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.

Grupo Financiero Galicia Trading Up 4.7 %

Shares of NASDAQ GGAL opened at $34.68 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.11 billion, a PE ratio of 5.12 and a beta of 2.03. Grupo Financiero Galicia S.A. has a twelve month low of $10.57 and a twelve month high of $37.83. The stock has a fifty day simple moving average of $30.59 and a 200-day simple moving average of $28.95.

Grupo Financiero Galicia Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.7248 per share. The ex-dividend date is Monday, August 19th. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio is 38.64%.

About Grupo Financiero Galicia

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.