Grupo Financiero Galicia S.A. (NASDAQ:GGAL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $47.53 and last traded at $47.55, with a volume of 133,349 shares changing hands. The stock had previously closed at $46.50.

Several brokerages recently commented on GGAL. BidaskClub raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research cut Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. cut Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a research note on Wednesday, June 7th.

The stock has a 50 day moving average price of $40.50 and a 200 day moving average price of $40.01. The company has a market capitalization of $6.11 billion, a PE ratio of 15.75 and a beta of 1.27.

Hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC bought a new position in Grupo Financiero Galicia in the first quarter valued at approximately $107,000. Advisor Group Inc. grew its stake in Grupo Financiero Galicia by 126.5% in the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares in the last quarter. Bank of America Corp DE grew its stake in Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after purchasing an additional 887 shares in the last quarter. Marshall Wace LLP bought a new position in Grupo Financiero Galicia in the second quarter valued at approximately $212,000. Finally, Private Advisory Group LLC bought a new position in Grupo Financiero Galicia in the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Grupo Financiero Galicia S.A. (GGAL) Reaches New 52-Week High at $47.53” was published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/06/grupo-financiero-galicia-s-a-ggal-reaches-new-52-week-high-at-47-53.html.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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.