Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) rose 5.7% during mid-day trading on Monday . The stock traded as high as $59.61 and last traded at $60.47. Approximately 209,721 shares changed hands during trading, a decline of 81% from the average daily volume of 1,105,618 shares. The stock had previously closed at $57.22.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GGAL. Morgan Stanley raised 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. StockNews.com downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Read Our Latest Report on GGAL
Grupo Financiero Galicia Trading Up 0.0 %
The firm has a market cap of $8.38 billion, a P/E ratio of 8.36 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day simple moving average of $64.22 and a 200 day simple moving average of $55.06.
Institutional Trading of Grupo Financiero Galicia
A number of hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC purchased a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $34,000. Compass Group LLC bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $67,000. GeoWealth Management LLC purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $71,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 purchasing an additional 624 shares in 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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