Grupo Financiero Galicia SA (NASDAQ:GGAL)’s share price fell 2.2% on Wednesday . The stock traded as low as $31.21 and last traded at $31.21, with a volume of 95,968 shares trading hands. The stock had previously closed at $31.90.

Several research firms have weighed in on GGAL. Zacks Investment Research upgraded shares of Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. 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. Credit Suisse Group AG began coverage on shares of Grupo Financiero Galicia SA in a report on Tuesday, March 29th. They set a “neutral” rating and a $31.00 target price for the company. Finally, Santander began coverage on shares of Grupo Financiero Galicia SA in a report on Wednesday, March 23rd. They set an “underperform” rating and a $31.00 target price for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Grupo Financiero Galicia SA presently has a consensus rating of “Hold” and a consensus price target of $32.00.

The stock has a market capitalization of $4.06 billion and a price-to-earnings ratio of 12.51. The company has a 50 day moving average price of $30.50 and a 200 day moving average price of $28.55.

Several institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group raised 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 valued at $29,980,000 after buying an additional 169,989 shares in the last quarter. 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 valued at $38,001,000 after buying an additional 976,292 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Grupo Financiero Galicia SA during the fourth quarter valued at $1,316,000. Shell Asset Management Co. bought a new stake in Grupo Financiero Galicia SA during the fourth quarter valued at $1,589,000. Finally, Russell Frank Co increased 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 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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