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

A number of equities analysts recently commented on the company. Santander assumed coverage on Grupo Financiero Galicia SA in a research note on Wednesday, March 23rd. They set an “underperform” rating and a $31.00 price target for the company. Zacks Investment Research raised Grupo Financiero Galicia SA from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research note on Monday, March 21st. Credit Suisse Group AG assumed coverage on Grupo Financiero Galicia SA in a research note on Tuesday, March 29th. They set a “neutral” rating and a $31.00 price target for the company. Finally, Goldman Sachs Group Inc. assumed coverage on Grupo Financiero Galicia SA in a research note on Wednesday, April 27th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Grupo Financiero Galicia SA presently has a consensus rating of “Hold” and an average target price of $31.33.

The stock’s 50 day moving average is $30.26 and its 200-day moving average is $28.44. The company has a market capitalization of $4.12 billion and a price-to-earnings ratio of 12.81.

A number of hedge funds recently bought and sold shares of the company. Morgan Stanley raised its stake 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 valued at $38,001,000 after buying an additional 976,292 shares during the period. Schroder Investment Management Group raised its stake 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 valued at $29,980,000 after buying an additional 169,989 shares during the period. Russell Frank Co raised its stake 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 valued at $8,389,000 after buying an additional 59,617 shares during the period. Shell Asset Management Co. bought a new stake in Grupo Financiero Galicia SA during the fourth quarter valued at approximately $1,589,000. Finally, Penserra Capital Management LLC bought a new stake in Grupo Financiero Galicia SA during the fourth quarter valued at approximately $1,316,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.