Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $51.02 and last traded at $50.48, with a volume of 214645 shares traded. The stock had previously closed at $49.65.
Analyst Upgrades and Downgrades
GGAL has been the subject of a number of recent research reports. StockNews.com upgraded shares of Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a report on Thursday, August 29th. Bank of America upgraded Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $28.00 to $36.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 price objective on the stock in a research note on Friday, August 30th. Finally, Citigroup raised Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Wednesday, September 4th.
Read Our Latest Stock Analysis on GGAL
Grupo Financiero Galicia Stock Performance
The firm's 50 day moving average price is $40.71 and its two-hundred day moving average price is $34.42. The firm has a market cap of $7.20 billion, a PE ratio of 6.77 and a beta of 1.93.
Grupo Financiero Galicia Increases Dividend
The firm also recently disclosed a -- dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a $0.7248 dividend. This is a positive change from Grupo Financiero Galicia's previous -- dividend of $0.14. The ex-dividend date was Monday, August 19th. Grupo Financiero Galicia's dividend payout ratio is presently 32.73%.
Institutional Trading of Grupo Financiero Galicia
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at about $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $51,000. Headlands Technologies LLC purchased a new position in shares of Grupo Financiero Galicia during the 1st quarter worth approximately $67,000. Banco Santander S.A. acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at approximately $211,000. Finally, Claro Advisors LLC purchased a new stake in Grupo Financiero Galicia in the first quarter valued at approximately $235,000.
About Grupo Financiero Galicia
(
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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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