Grupo Financiero Galicia SA (GGAL) Stock Price Down 2.3%
Grupo Financiero Galicia SA (NASDAQ:GGAL) traded down 2.3% during trading on Friday . The company traded as low as $28.76 and last traded at $28.83, with a volume of 100,234 shares trading hands. The stock had previously closed at $29.50.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. assumed coverage on Grupo Financiero Galicia SA in a research report on Wednesday, April 27th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.00.
The company’s 50 day moving average is $30.32 and its 200 day moving average is $29.03. The firm has a market cap of $3.75 billion and a P/E ratio of 11.88.
Other large investors have 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 in the last quarter. RS Investment Management Co. LLC purchased a new stake in Grupo Financiero Galicia SA during the fourth quarter worth $3,152,000. 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 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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