Grupo Financiero Galicia SA (NASDAQ:GGAL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $32.27 and last traded at $32.07, with a volume of 133,072 shares changing hands. The stock had previously closed at $31.70.

Several research analysts have commented on GGAL shares. Credit Suisse Group AG started coverage on shares of Grupo Financiero Galicia SA in a report on Tuesday, March 29th. They set a “neutral” rating and a $31.00 price objective for the company. Zacks Investment Research downgraded shares of Grupo Financiero Galicia SA from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Santander started coverage on shares of Grupo Financiero Galicia SA in a report on Wednesday, March 23rd. They set an “underperform” rating and a $31.00 price objective for the company. Finally, Goldman Sachs Group Inc. began coverage on shares of Grupo Financiero Galicia SA in a report on Wednesday, April 27th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.33.

The firm has a market capitalization of $4.15 billion and a PE ratio of 12.92. The company’s 50-day moving average price is $29.98 and its 200 day moving average price is $28.38.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in Grupo Financiero Galicia SA during the fourth quarter worth $1,316,000. Shell Asset Management Co. purchased a new position in Grupo Financiero Galicia SA during the fourth quarter worth $1,589,000. Russell Frank Co boosted its position in Grupo Financiero Galicia SA by 23.6% in the fourth quarter. Russell Frank Co now owns 311,898 shares of the company’s stock worth $8,389,000 after buying an additional 59,617 shares during the last quarter. Schroder Investment Management Group boosted its position in Grupo Financiero Galicia SA by 18.1% in the fourth quarter. Schroder Investment Management Group now owns 1,107,089 shares of the company’s stock worth $29,980,000 after buying an additional 169,989 shares during the last quarter. Finally, Morgan Stanley boosted its position in Grupo Financiero Galicia SA by 228.7% in the fourth quarter. Morgan Stanley now owns 1,403,263 shares of the company’s stock worth $38,001,000 after buying an additional 976,292 shares during the last quarter.

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.

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