Billionaire Rob Citrone’s Top 10 Stock Picks

2. Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Rob Citrone’s Latest Stake Value: $78,814,733

Number of Hedge Funds Holding Stakes: 24

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is Argentina’s largest financial services company. The company operates Banco Galicia (a major private bank), Naranja X (a fintech platform), Galicia Seguros (insurance services), and Galicia Securities (investment solutions). Grupo Financiero Galicia SA has a Moderate Buy rating based on 1 buy rating and no hold or sell ratings. The average price target is $92.00, indicating a 53.23% increase from the current price of $60.04.

In the financial year 2024, Grupo Financiero Galicia’s (NASDAQ:GGAL) net income reached 1.6 trillion pesos ($1.33 billion), a remarkable 121% increase from the previous year. The company achieved a 34% return on average equity and a 7% return on average assets for the year. Fourth quarter 2024 results were particularly strong, with net income soaring to 574 billion pesos ($556.78 million), 203% higher year-over-year. This performance was bolstered by significant growth in the company’s loan portfolio, with peso-denominated loans increasing by 228.8% compared to the previous year. The successful acquisition of HSBC operations in Argentina has further strengthened Grupo Financiero Galicia’s (NASDAQ:GGAL) position as the leading private financial group in the country.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) projects a more modest 15% real return on equity for 2025. This anticipated decline reflects the absence of extraordinary items that boosted 2024 results and the company’s focus on successfully integrating the HSBC acquisition. Nonetheless, the company’s management forecasts robust growth this year. It expects loans to increase by 50% and deposits by 35%.