Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $56.82, but opened at $58.41. Grupo Financiero Galicia shares last traded at $58.08, with a volume of 59,014 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.
Check Out Our Latest Analysis on GGAL
Grupo Financiero Galicia Price Performance
The business's 50 day moving average is $64.09 and its two-hundred day moving average is $55.37. The firm has a market cap of $8.50 billion, a P/E ratio of 8.49 and a beta of 1.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of hedge funds have recently bought and sold shares of GGAL. Hsbc Holdings PLC raised its stake in Grupo Financiero Galicia by 9,082.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock worth $721,935,000 after buying an additional 11,366,972 shares during the last quarter. Axiom Investors LLC DE raised its stake in Grupo Financiero Galicia by 1,723.9% during the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock worth $94,786,000 after buying an additional 1,437,570 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Grupo Financiero Galicia during the fourth quarter worth $78,711,000. Jennison Associates LLC bought a new position in Grupo Financiero Galicia during the third quarter worth $51,416,000. Finally, William Blair Investment Management LLC raised its stake in Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock worth $56,152,000 after buying an additional 798,542 shares during the last quarter.
About Grupo Financiero Galicia
(
Get Free Report)
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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