Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $57.78, but opened at $59.54. Grupo Financiero Galicia shares last traded at $59.00, with a volume of 264,710 shares trading hands.
Wall Street Analyst Weigh In
Separately, Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price for the company in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.
Get Our Latest Stock Report on GGAL
Grupo Financiero Galicia Trading Down 3.2 %
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $7.96 billion, a P/E ratio of 7.97 and a beta of 1.85. The firm's fifty day moving average price is $60.58 and its two-hundred day moving average price is $57.45.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC increased its holdings in shares of Grupo Financiero Galicia by 1.2% in the 4th quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock worth $1,432,000 after buying an additional 283 shares during the last quarter. R Squared Ltd purchased a new stake in Grupo Financiero Galicia during the fourth quarter valued at about $27,000. CIBC Private Wealth Group LLC bought a new stake in Grupo Financiero Galicia during the fourth quarter worth about $34,000. Commonwealth Equity Services LLC boosted its holdings in shares of Grupo Financiero Galicia by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after purchasing an additional 618 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after purchasing an additional 624 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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