Company shares are trading at $57.15 impressively higher than $50.42, the 50 day moving average and well above the 200 day moving average of $43.64. The 50 day moving average went up by +13.35% and the 200 day average went up $13.51 or +30.96%. (NASDAQ:GGAL) shares saw heavy trading volume with 425K shares changing hands in the last trading session. Volume was up 20.52% over the stocks average daily volume.
Short traders are more bullish on the company if you take a look at the fall in short interest. The firm experienced a fall in short interest of -1.12% between September 15, 2017 and September 29, 2017. Short shares decreased from 2,441,249 to 2,413,853 over that timeframe. Days to cover decreased -7.0 to 2.0 and the percentage of shorted shares was 0.02% on September 29.
These firms have modified their investment in GGAL. James Investment Research Inc cut its stake by shedding 1,050 shares a decrease of 56.8%. James Investment Research Inc now controls 800 shares valued at $41,000. The value of the position overall is down by 48.1%. Cutler Group LP reduced its investment by selling 200 shares a decrease of 18.2% in the quarter. Cutler Group LP currently owns 900 shares with a value of $0. The total value of its holdings decreased 100.0%.
As of the end of the quarter Fisher Asset Management, LLC had bought 2,547 shares growing its stake by 12.9%. The value of the investment in Grupo Financiero Galicia S.A. – went from $843,000 to $1,150,000 increasing 36.4% since the last quarter. As of quarter end Exane Derivatives had disposed of a total of 26 shares trimming its position 23.2%. The value in dollars decreased from $4,775,000 to $4,432,000 a change of $343,000 quarter to quarter.
The P/E ratio is 19.06 and the market cap of the company is 7.43B. As of the last earnings report the EPS was $3.00 and is expected to be $3.52 for the current year with 130,026,000 shares currently outstanding. Next quarter’s EPS is expected be $0.97 and the next full year EPS is anticipated to be $4.20.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia), launched on October 30, 1999, is a financial services holding company. The Business’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. The Company conducts its operations through its subsidiaries. Banco de Galicia y Buenos Aires S.A. (Banco Galicia or the Bank), a full-service bank, is a subsidiary of the Company. Through the operating subsidiaries of Tarjetas Regionales S.A. (Tarjetas Regionales), a holding company controlled by Banco Galicia, and Compania Financiera Argentina S.A. (CFA) (of which Banco Galicia owns interest), the Company provides brand credit cards throughout Argentina. Through Sudamericana Holding S.A. (Sudamericana) and its subsidiaries, the Company provides insurance products in Argentina..