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

GGAL has been the topic of several recent research reports. Zacks Investment Research raised shares of Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Citigroup Inc. raised shares of Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.75.

The firm’s 50-day moving average is $30.07 and its 200 day moving average is $29.27. The stock has a market cap of $3.92 billion and a PE ratio of 11.35.

An institutional investor recently bought a new position in Grupo Financiero Galicia SA stock. RS Investment Management Co. LLC purchased a new position in shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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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