Grupo Financiero Galicia SA (GGAL) Sees Unusually-High Trading Volume
Shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) saw an uptick in trading volume on Wednesday . 393,658 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 230,168 shares.The stock last traded at $29.39 and had previously closed at $28.74.
Several brokerages have commented on GGAL. Zacks Investment Research downgraded shares of Grupo Financiero Galicia SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. began coverage on shares of Grupo Financiero Galicia SA in a research report on Wednesday, April 27th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.00.
The company has a market cap of $3.83 billion and a PE ratio of 12.16. The firm’s 50 day moving average is $30.62 and its 200-day moving average is $28.86.
A number of hedge funds and institutional investors have modified their holdings of GGAL. RS Investment Management Co. LLC acquired a new position in shares of Grupo Financiero Galicia SA during the fourth quarter valued at about $3,152,000. Schroder Investment Management Group boosted its position in shares of 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 valued at $29,980,000 after buying an additional 169,989 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.