Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s stock price was up 6.3% during trading on Thursday . The company traded as high as $53.08 and last traded at $52.92. Approximately 737,426 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,019,658 shares. The stock had previously closed at $49.77.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on GGAL shares. JPMorgan Chase & Co. upgraded 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 report on Friday, August 30th. Citigroup upgraded shares of Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 price objective on the stock in a research report on Wednesday, September 4th. StockNews.com upgraded shares of Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th. Finally, Bank of America upgraded shares of Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, August 8th.
Check Out Our Latest Stock Analysis on GGAL
Grupo Financiero Galicia Stock Up 6.3 %
The business's 50-day simple moving average is $43.05 and its 200-day simple moving average is $35.48. The stock has a market cap of $7.81 billion, a PE ratio of 7.34 and a beta of 1.93.
Grupo Financiero Galicia Increases Dividend
The business also recently announced a -- dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were paid a dividend of $0.7248 per share. 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 payout ratio is presently 32.73%.
Institutional Investors Weigh In On Grupo Financiero Galicia
Large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $51,000. Headlands Technologies LLC bought a new stake in shares of Grupo Financiero Galicia during the 1st quarter valued at about $67,000. Banco Santander S.A. bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $211,000. Finally, X Square Capital LLC bought a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at about $316,000.
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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