Grupo Financiero Galicia SA (NASDAQ:GGAL) shot up 1% on Tuesday . The stock traded as high as $32.63 and last traded at $32.20, with a volume of 78,759 shares. The stock had previously closed at $31.88.

Several research firms have weighed in on GGAL. Zacks Investment Research upgraded Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Goldman Sachs Group Inc. assumed coverage on shares of Grupo Financiero Galicia SA in a report on Wednesday, April 27th. They set a “neutral” rating for the company. Credit Suisse Group AG assumed 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 target for the company. Finally, Santander assumed 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 target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.33.

The company has a market capitalization of $4.15 billion and a price-to-earnings ratio of 12.79. The firm’s 50 day moving average price is $30.38 and its 200-day moving average price is $28.50.

A number of hedge funds and institutional investors have recently made changes to their positions in GGAL. Russell Frank Co increased its position in shares of 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 last quarter. Shell Asset Management Co. bought a new stake in Grupo Financiero Galicia SA during the fourth quarter worth about $1,589,000. Penserra Capital Management LLC bought a new stake in Grupo Financiero Galicia SA during the fourth quarter worth about $1,316,000. Morgan Stanley increased 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 worth $38,001,000 after buying an additional 976,292 shares in the last quarter. Finally, Schroder Investment Management Group increased 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 worth $29,980,000 after buying an additional 169,989 shares in 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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