Grupo Financiero Galicia SA (GGAL) Trading 2.4% Higher
Grupo Financiero Galicia SA (NASDAQ:GGAL)’s share price traded up 2.4% on Wednesday . The stock traded as high as $31.10 and last traded at $30.83, with a volume of 118,281 shares trading hands. The stock had previously closed at $30.12.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Grupo Financiero Galicia SA from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Goldman Sachs Group Inc. assumed coverage on Grupo Financiero Galicia SA in a research note on Wednesday, April 27th. They issued a “neutral” rating on the stock. Finally, Citigroup Inc. raised Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Grupo Financiero Galicia SA currently has an average rating of “Hold” and an average target price of $32.00.
The company has a market cap of $4.01 billion and a PE ratio of 11.45. The company has a 50-day moving average of $30.14 and a 200-day moving average of $29.16.
An institutional investor recently bought a new position in Grupo Financiero Galicia SA stock. RS Investment Management Co. LLC purchased a new stake in shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 116,381 shares of the company’s stock, valued at approximately $3,152,000. RS Investment Management Co. LLC owned 0.09% of Grupo Financiero Galicia SA at the end of the most recent reporting period.
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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