Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.
GGAL has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 target price on the stock in a research note on Friday, August 30th. Bank of America raised shares of Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $28.00 to $36.00 in a research report on Thursday, August 8th. Finally, Citigroup upgraded Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 target price for the company in a research report on Wednesday, September 4th.
Read Our Latest Analysis on GGAL
Grupo Financiero Galicia Trading Up 0.4 %
Shares of NASDAQ GGAL traded up $0.22 during trading hours on Monday, hitting $54.11. 930,750 shares of the company traded hands, compared to its average volume of 1,020,176. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 7.63 and a beta of 1.93. The company's 50 day moving average price is $43.42 and its 200 day moving average price is $35.76. Grupo Financiero Galicia has a 12 month low of $10.76 and a 12 month high of $55.61.
Institutional Trading of Grupo Financiero Galicia
Institutional investors and hedge funds have recently modified their holdings of the stock. Banco Santander S.A. purchased a new position in Grupo Financiero Galicia during the 2nd quarter worth $211,000. William Blair Investment Management LLC purchased a new position in shares of Grupo Financiero Galicia during the second quarter valued at $8,573,000. Headlands Technologies LLC bought a new stake in shares of Grupo Financiero Galicia in the first quarter valued at about $67,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Grupo Financiero Galicia in the second quarter valued at about $453,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Financiero Galicia in the second quarter worth about $582,000.
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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