Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s share price was down 5.8% during mid-day trading on Tuesday . The stock traded as low as $60.23 and last traded at $59.41. Approximately 118,453 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,040,505 shares. The stock had previously closed at $63.04.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on GGAL. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price on the stock in a report on Monday, December 16th. StockNews.com lowered Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.00.
Check Out Our Latest Research Report on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Down 0.4 %
The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $65.64 and a two-hundred day simple moving average of $52.18.
Hedge Funds Weigh In On Grupo Financiero Galicia
A number of institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $34,000. Compass Group LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $67,000. GeoWealth Management LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $71,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Financiero Galicia by 41.3% in the fourth 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 in 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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