Grupo Financiero Galicia SA (NASDAQ:GGAL) shot up 2.4% during trading on Wednesday . The stock traded as high as $31.10 and last traded at $30.83, with a volume of 118,281 shares traded. The stock had previously closed at $30.12.

GGAL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. upgraded shares of Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.00.

The stock has a market cap of $4.00 billion and a PE ratio of 11.59. The stock has a 50-day moving average price of $30.15 and a 200 day moving average price of $29.18.

An institutional investor recently bought a new position in Grupo Financiero Galicia SA stock. RS Investment Management Co. LLC acquired a new stake in Grupo Financiero Galicia SA (NASDAQ:GGAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the SEC.

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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