Grupo Financiero Galicia S.A. (GGAL) Reaches New 52-Week High at $47.53
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.
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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).
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