Grupo Financiero Galicia SA (NASDAQ:GGAL) shares 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 traded. The stock had previously closed at $31.88.

Several research firms recently weighed in on GGAL. Santander began coverage on shares of Grupo Financiero Galicia SA in a research report on Wednesday, March 23rd. They issued an “underperform” rating and a $31.00 price objective for the company. Credit Suisse Group AG began coverage on shares of Grupo Financiero Galicia SA in a research report on Tuesday, March 29th. They issued a “neutral” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded shares of Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. began coverage on shares of Grupo Financiero Galicia SA in a research report on Wednesday, April 27th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Grupo Financiero Galicia SA presently has an average rating of “Hold” and a consensus target price of $32.00.

The company’s 50 day moving average is $30.50 and its 200 day moving average is $28.55. The firm has a market capitalization of $4.06 billion and a P/E ratio of 12.63.

Other hedge funds and institutional investors have made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia SA during the fourth quarter valued at approximately $1,316,000. Shell Asset Management Co. acquired a new position in shares of Grupo Financiero Galicia SA during the fourth quarter valued at approximately $1,589,000. Russell Frank Co boosted 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 in the last quarter. Schroder Investment Management Group boosted its position in shares of 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 in the last quarter. Finally, Morgan Stanley boosted its position in shares of 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 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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