Grupo Financiero Galicia S.A. (NASDAQ:GGAL) closed Friday at $16.77 per share, down from $17.21 a day earlier. While Grupo Financiero Galicia S.A. has underperformed by -2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GGAL rose by 133.67%, with highs and lows ranging from $18.34 to $6.57, whereas the simple moving average jumped by 44.40% in the last 200 days.
On January 31, 2022, JP Morgan Downgraded Grupo Financiero Galicia S.A. (NASDAQ: GGAL) to Underweight.
Analysis of Grupo Financiero Galicia S.A. (GGAL)
The current dividend for GGAL investors is set at $0.09 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 258.40%, showing a positive trend in the upcoming months.
As an indicator of volatility for any stock, average volume can also be very valuable, and GGAL is recording an average volume of 786.53K. On a monthly basis, the volatility of the stock is set at 4.96%, whereas on a weekly basis, it is put at 5.04%, with a gain of 2.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.86, showing decline from the present price of $16.77, which can serve as yet another indication of whether GGAL is worth investing in or should be passed over.
How Do You Analyze Grupo Financiero Galicia S.A. Shares?
Grupo Financiero Galicia S.A. (GGAL) is based in the Argentina and is one of the most prominent companies operating in the Banks – Regional market. When comparing Grupo Financiero Galicia S.A. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.14, there is a growth in quarterly earnings of 197.40%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 53.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in GGAL shares?
The recent increase in stakes in GGAL appears to be a result of several institutional investors and hedge funds increasing their positions. INCA Investments LLC’s position in GGAL has decreased by -17.56% in the first quarter. The company now owns 2,645,358 shares of the stock, with a value of $44.84 million, following the sale of -563,358 additional shares during the last quarter. During the last quarter, the company dropped down 1,331,061 additional shares for a total stake of worth $22.56 million, bringing number of shares owned by the company to 1,331,061.
At the end of the first quarter, Susquehanna Financial Group LLLP increased its GGAL holdings by 312.80% and now holds 0.67 million GGAL shares valued at $11.32 million with the added 0.51 million shares during the period. GGAL shares are owned by institutional investors to the tune of 10.40% at present.