Grupo Financiero Galicia Sees Unusually High Options Volume (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of some unusual options trading on Friday. Investors acquired 11,065 put options on the company. This represents an increase of 229% compared to the average volume of 3,362 put options.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Friday.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in Grupo Financiero Galicia by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after purchasing an additional 3,116 shares in the last quarter. Banque Pictet & Cie SA acquired a new position in Grupo Financiero Galicia during the 3rd quarter worth about $4,706,000. Dfpg Investments LLC lifted its position in Grupo Financiero Galicia by 49.8% during the 4th quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock worth $415,000 after buying an additional 8,224 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Grupo Financiero Galicia during the 4th quarter worth about $86,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at about $2,924,000.

Grupo Financiero Galicia Trading Down 2.3 %

NASDAQ:GGAL traded down $0.74 on Friday, reaching $30.90. The stock had a trading volume of 425,156 shares, compared to its average volume of 1,037,759. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.98 and a quick ratio of 0.98. Grupo Financiero Galicia has a 1-year low of $10.57 and a 1-year high of $37.83. The stock has a fifty day moving average price of $33.48 and a 200-day moving average price of $25.47.

Grupo Financiero Galicia Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be issued a $0.70 dividend. This is an increase from Grupo Financiero Galicia’s previous Variable dividend of $0.12. The ex-dividend date is Friday, June 21st.

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.