Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $70.99 and last traded at $68.98, with a volume of 127989 shares trading hands. The stock had previously closed at $68.80.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on GGAL shares. StockNews.com lowered shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.
Check Out Our Latest Stock Analysis on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Up 1.9 %
The stock's fifty day simple moving average is $58.76 and its 200-day simple moving average is $44.68. The stock has a market capitalization of $10.34 billion, a PE ratio of 9.62 and a beta of 1.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.
Hedge Funds Weigh In On Grupo Financiero Galicia
Institutional investors and hedge funds have recently bought and sold shares of the company. INCA Investments LLC lifted its position in shares of Grupo Financiero Galicia by 1.8% during the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock valued at $57,814,000 after buying an additional 24,354 shares during the last quarter. Jennison Associates LLC purchased a new position in Grupo Financiero Galicia during the third quarter valued at approximately $51,416,000. Ping Capital Management Inc. purchased a new stake in shares of Grupo Financiero Galicia in the second quarter worth $23,611,000. BNP Paribas Financial Markets increased its holdings in shares of Grupo Financiero Galicia by 103.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank's stock worth $26,306,000 after buying an additional 318,326 shares during the last quarter. Finally, PointState Capital LP raised its holdings in Grupo Financiero Galicia by 15.8% during the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank's stock valued at $21,220,000 after buying an additional 68,658 shares during the last quarter.
Grupo Financiero Galicia Company Profile
(
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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.
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