Grupo Financiero Galicia SA (NASDAQ:GGAL) traded down 2.8% during mid-day trading on Tuesday . The company traded as low as $29.91 and last traded at $29.96, with a volume of 219,974 shares trading hands. The stock had previously closed at $30.82.

A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. raised shares of Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research note on Monday, August 22nd. Zacks Investment Research raised shares of Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Grupo Financiero Galicia SA has a consensus rating of “Hold” and a consensus price target of $32.00.

The firm has a market cap of $3.96 billion and a PE ratio of 11.46. The firm has a 50 day moving average of $30.13 and a 200 day moving average of $29.25.

An institutional investor recently bought a new position in Grupo Financiero Galicia SA stock. RS Investment Management Co. LLC bought a new stake in shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 116,381 shares of the company’s stock, valued at approximately $3,152,000. RS Investment Management Co. LLC owned approximately 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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