X Square Capital LLC Makes New $316,000 Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

X Square Capital LLC purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,500 shares of the bank’s stock, valued at approximately $316,000.

Several other hedge funds also recently made changes to their positions in GGAL. Blue Trust Inc. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia in the first quarter valued at $67,000. Banco Santander S.A. bought a new position in shares of Grupo Financiero Galicia in the second quarter valued at $211,000. Finally, Claro Advisors LLC bought a new position in shares of Grupo Financiero Galicia in the first quarter valued at $235,000.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $49.77 on Thursday. The company has a fifty day moving average price of $42.70 and a two-hundred day moving average price of $35.36. Grupo Financiero Galicia S.A. has a one year low of $10.76 and a one year high of $51.09. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 6.90 and a beta of 1.93.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were issued a dividend of $0.7248 per share. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 32.73%.

Wall Street Analyst Weigh In

GGAL has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a research note on Friday, August 30th. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their target price for the company from $28.00 to $36.00 in a research note on Thursday, August 8th. StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, September 4th.

Grupo Financiero Galicia Company Profile

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.