121 institutions hold shares in Grupo Financiero Galicia S.A. (GGAL), with 15.56M shares held by insiders accounting for 10.55% while institutional investors hold 8.28% of the company’s shares. The shares outstanding are 149.07M, and float is at 85.24M with Short Float at 1.58%. Institutions hold 7.40% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.08 million shares valued at $26.9 million. The investor’s holdings represent 2.69% of the GGAL Shares outstanding. As of Dec 30, 2020, the second largest holder is State Street Corporation with 1.09 million shares valued at $9.53 million to account for 0.95% of the shares outstanding. The other top investors are Grantham Mayo Van Otterloo & Company which holds 0.74 million shares representing 0.65% and valued at over $6.5 million, while Arrowstreet Capital, Limited Partnership holds 0.58% of the shares totaling 0.66 million with a market value of $5.8 million.
Grupo Financiero Galicia S.A. (NASDAQ: GGAL) is -12.70% lower on its value in year-to-date trading and has touched a low of $5.86 and a high of $14.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GGAL stock was last observed hovering at around $7.79 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $8.50 for the next 12 months. It is also 76.25% off the consensus price target high of $32.12 offered by 10 analysts, but current levels are -194.59% lower than the price target low of $2.59 for the same period.
Currently trading at $7.63, the stock is 2.20% and -0.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.37 million and changing -2.05% at the moment leaves the stock -11.05% off its SMA200. GGAL registered 2.01% gain for a year compared to 6-month gain of 19.97%. The firm has a 50-day simple moving average (SMA 50) of $7.62 and a 200-day simple moving average (SMA200) of $7.88.
The stock witnessed a -0.91% loss in the last 1 month and extending the period to 3 months gives it a -1.55%, and is 6.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.15% over the week and 3.63% over the month.
Grupo Financiero Galicia S.A. (GGAL) has around 9631 employees, a market worth around $1.42B and $1.79B in sales. Current P/E ratio is 3.87 and Fwd P/E is 3.81. Profit margin for the company is 15.80%. Distance from 52-week low is 30.20% and -48.93% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
Grupo Financiero Galicia S.A. (GGAL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Grupo Financiero Galicia S.A. (GGAL) is a “Underweight”. 10 analysts offering their recommendations for the stock have an average rating of 3.60, where 5 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Grupo Financiero Galicia S.A. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $382.53M over the same period.The EPS is expected to shrink by -12.20% this year, but quarterly earnings will post 5.90% year-over-year.