GGAL Grupo Financiero Galicia S A. ADR Stock Overview U.S.: Nasdaq

Grupo Financiero Galicia’s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include INCA Investments LLC (0.00%), Driehaus Capital Management LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.00%), PEAK6 Investments LLC (0.00%), Hsbc Holdings PLC (0.00%) and RWC Asset Management LLP (0.00%). Grupo Financiero Galicia’s stock was trading at $9.73 on January 1st, 2023.

Its economy is a function of its prices; it is very cyclical. The yields are slightly below the average for the region. The image below compares GGAL’s dividend policy against its similar type banks in Argentina and LATAM. To summarize, I like GGAL’s fully diverse portfolio of services. The company’s is among the top performers in every activity. On top of that, it efficiently cross-sell its products between its subsidiaries.

However, the scary rating keeps the mispricing longer and makes the opportunity exist. For every deposited currency unit, the banks own as cash reserves 0.18 units. Compared to the other Argentinean banks, it touches the average. The other metrics are close to the country’s average, too. I give a buy rating due to my solid digital presence, efficient risk management, and diversified services.

How big is Grupo Financiero Galicia SA ADR?

The first is NaranjaX, the third most popular digital banking app. The second is the vital insurance segment, and the third is the company’s mutual funds. Despite being more expensive than its peers and excess value calculations, I give Grupo Financiero Galicia a buy rating due to its strong performance and macro tailwinds.

Naranja’s app is second in downloads next to Mercado Pago. This is an excellent example of how traditional banks can succeed in digital working capital days meaning transformation. Compared to the other large Argentinean banks, GGAL is the best performer due to Naranja X’s performance.

• For the valuation of GGAL, I use the Excess Return Model.
• The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments.
• A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
• The company has a solid standing due to its neat balance sheet compositions, providing risk mitigation.

U.S. equities edge up in premarket trading, with investors largely betting the Federal Reserve won’t raise interest rates further when the central bank convenes next week. The S&P 500 is up 0.33%, while the Nasdaq Composite is 0.24% higher. U.S. government bond yields tick up, with that of the 10-year Treasury hovering just below 4.3%. Investing in Argentina is a game of narratives, i.e., expect what the others expect. The expectations can create strong tailwinds moving all boats. This is the reason stock picking is crucial in macro investing, too.

Meanwhile, the producer price index increased 0.7% in August, ahead of expectations for a 0.4% rise. Though this marks the largest gain in more than a year, core PPI was in line with estimates, rising 0.2%. That followed Wednesday’s consumer price index report, which also came in hot. Get this delivered to your inbox, and more info about our products and services.

LATAM and digital banking

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses.

Reasonably so, with recession fears in full swing and the start of the landmark antitrust case a day away, it’s no wonder some traders are stepping back from the “buy” button, at least for GOOGL stock. The fifth DOJ-backed antitrust lawsuit against Google since 2020, if found valid, would force Google to sell some of its ad technology products. Interestingly, this isn’t the only antitrust lawsuit against Google in the pipeline. In fact, Jonathan Kanter, Assistant Attorney General for Antitrust at the DOJ, is also currently overseeing a case against Google in the ad tech market. The Justice Department and eight states sued Google back in January for misusing technology to strengthen its own online marketing monopoly.

Related Articles GGAL

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. We’d like to share more about how we work and what drives our day-to-day business. Compare
GGAL’s historical performance
against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of GGAL’s
competitive advantage. Arm was listed in London and in the US before SoftBank bought it.

Grupo Financiero Galicia S.A., 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. Further, it provides robbery, personal accident, life collective, home, life, integral, pet, surety, and technical insurance products. Additionally, the company offers private banking services to high net worth individuals; and operates digital investment platform. Was founded in 1905 and is based in Buenos Aires, Argentina.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Excitement about AI has already driven huge rises in the stock prices of other tech companies. Shares in the US chipmaker Nvidia have more than tripled this year, and in May it became the first chipmaker to be valued at over $1trn. Investors who bought at the top of an intra-day price surge that often occurs in high-profile listings would have fared even worse, with an average loss of 53%.

These are established companies that reliably pay dividends. Apart from traditional and digital banking, Grupo Financiero Galicia manages insurance, securities, and investment subsidiaries. The company has a solid standing due to its neat balance sheet compositions, providing risk mitigation. Today, the market is indeed open to new issuance but companies have to come to terms with far lower valuations, according to Craig Coben, former global head of equity capital markets at Bank of America. Private valuations were extreme during the pandemic—a period of historically cheap debt and ample liquidity—and now investors and startups have to stomach marking down investments.

MarketWatch

KeyBank raises its price target on Chip designer Cadence Design Systems (CDNS) to $290 a share, up from $270, while reiterating an overweight rating on the stock. The firm’s call comes after KeyBank analysts met with early users of the company’s new AI-enabled EDA design portfolio. Cadence is a partner of AI chipmaker and Club holding Nvidia (NVDA). British chip designer Arm Holdings, owned by SoftBank Group (SFTBF), sets its highly anticipated initial public offering at $51 a share, valuing the company at over $54 billion. The firm will start trading Thursday on the Nasdaq under the stock symbol ARM. Grupo Financiero Galicia manages the liquidity, credit, market, and operational risks well.

Business banking is focused on Small to Medium Enterprises (SME) at 84% and agribusiness at 15%. Register for Free to get streaming quotes, interactive charts, trades, portfolio, live options flow and more. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

• Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
• Argentina is a key exporter of crops, livestock, oil, gas, and lithium.
• US stocks rose Thursday morning as investors weighed strength in retail sales against a hotter-than-expected inflation report.
• Business banking is focused on Small to Medium Enterprises (SME) at 84% and agribusiness at 15%.

But in a blow to the UK government, which lobbied hard for a London listing, SoftBank filed for a US-only listing for the company in May. Arm has positioned itself as indispensable in the tech hardware ecosystem as its chip designs power nearly every smartphone in the world, from Apple’s iPhones to Samsung’s Android-based devices. Child said Arm can still increase its sales as it was reaping a 5% royalty rate on chips made with https://1investing.in/ the newest technology versus 3% with the previous version. Premium phones are more likely to use Arm’s most advanced technology. “This pop can get people more excited about the IPO market for the rest of this year and going into 2024,” said Owen Lau, senior analyst at Oppenheimer & Co. Arm, as well as the impending IPO of Instacart, may not be enough to revive a market that’s still trying to shake off a pandemic hangover.

A better metric is the ROE because it includes the company’s equity in the denominator. The latter reflects inflation and currency devaluation. A positive sign is asset growth, regardless of the decline in lending activities.

Analyst Ratings

You can practice and explore trading GGAL stock methods without spending real money on the virtual paper trading platform. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Fears about Argentinean debt default sent the country’s stocks into free fall. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The largest branch network gives an undisputable advantage. The most important metric for every mutual fund is AUM growth because the fund’s revenue derives from AUM-based fees. Fondos FIMA has 12.6 % of the market share and has increased its AUM by 14 % over the last two years. As mentioned, that reflects higher revenues and net income. However, those results are caused by runaway inflation and peso devaluation.

One share of GGAL stock can currently be purchased for approximately $16.05. Sign-up to receive the latest news and ratings for Grupo Financiero Galicia and its competitors with MarketBeat’s FREE daily newsletter. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

1 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Grupo Financiero Galicia in the last year. The consensus among Wall Street analysts is that investors should “buy” GGAL shares. The company’s 50 day moving average price is $16.65 and its 200 day moving average price is $14.14. Has a 52 week low of $7.00 and a 52 week high of $18.64. The company has a market capitalization of $2.36 billion, a PE ratio of 11.01 and a beta of 1.76.