Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s stock price dropped 6.8% on Tuesday . The company traded as low as $54.60 and last traded at $54.36. Approximately 664,201 shares were traded during trading, a decline of 36% from the average daily volume of 1,039,527 shares. The stock had previously closed at $58.30.
Wall Street Analyst Weigh In
Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.
View Our Latest Research Report on Grupo Financiero Galicia
Grupo Financiero Galicia Trading Up 3.9 %
The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.64 billion, a PE ratio of 8.62 and a beta of 1.85. The business's 50-day simple moving average is $61.78 and its 200-day simple moving average is $56.70.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GGAL. Jennison Associates LLC bought a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $51,416,000. Banco Santander S.A. grew its stake in Grupo Financiero Galicia by 12.6% in the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock valued at $328,000 after buying an additional 872 shares during the last quarter. Sagil Capital LLP acquired a new position in Grupo Financiero Galicia in the 3rd quarter valued at $580,000. Quantbot Technologies LP acquired a new position in Grupo Financiero Galicia in the 3rd quarter valued at $811,000. Finally, BNP Paribas Financial Markets grew its stake in Grupo Financiero Galicia by 103.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank's stock valued at $26,306,000 after buying an additional 318,326 shares during the last quarter.
Grupo Financiero Galicia Company Profile
(
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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