Grupo Financiero Galicia (NASDAQ:GGAL) Shares Down 5.8% - What's Next?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) dropped 5.8% during mid-day trading on Tuesday . The company traded as low as $60.23 and last traded at $59.41. Approximately 118,453 shares traded hands during trading, a decline of 89% from the average daily volume of 1,040,505 shares. The stock had previously closed at $63.04.

Analysts Set New Price Targets

Several brokerages have weighed in on GGAL. StockNews.com downgraded Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. 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 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's stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

Grupo Financiero Galicia Trading Down 0.4 %

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 stock's fifty day moving average is $65.65 and its 200-day moving average is $52.79.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new position in Grupo Financiero Galicia during the fourth quarter worth $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth about $34,000. Compass Group LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth about $67,000. GeoWealth Management LLC purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at about $71,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after buying an additional 624 shares during the last quarter.

Grupo Financiero Galicia Company Profile

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.