Citigroup upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a neutral rating to a buy rating in a research report report published on Monday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Grupo Financiero Galicia from a hold rating to a sell rating in a research note on Monday, November 20th. UBS upgraded shares of Grupo Financiero Galicia from a neutral rating to a buy rating in a research note on Wednesday, October 4th. Santander cut shares of Grupo Financiero Galicia from a hold rating to an underperform rating in a research note on Friday, September 8th. Finally, BidaskClub upgraded shares of Grupo Financiero Galicia from a sell rating to a hold rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Grupo Financiero Galicia has an average rating of Hold.

Shares of Grupo Financiero Galicia (GGAL) opened at $56.08 on Monday. The stock has a market capitalization of $7,282.81, a price-to-earnings ratio of 17.89 and a beta of 1.15. Grupo Financiero Galicia has a one year low of $23.23 and a one year high of $58.61.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Key Square Capital Management LLC bought a new stake in shares of Grupo Financiero Galicia during the third quarter valued at about $28,696,000. PointState Capital LP raised its stake in shares of Grupo Financiero Galicia by 10.2% during the second quarter. PointState Capital LP now owns 2,428,391 shares of the bank’s stock valued at $103,547,000 after purchasing an additional 225,500 shares in the last quarter. LSV Asset Management raised its stake in shares of Grupo Financiero Galicia by 59.1% during the second quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,600 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Grupo Financiero Galicia by 38.0% during the first quarter. Geode Capital Management LLC now owns 29,717 shares of the bank’s stock valued at $1,124,000 after purchasing an additional 8,184 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Grupo Financiero Galicia by 18.3% during the second quarter. Boston Partners now owns 59,139 shares of the bank’s stock valued at $2,522,000 after purchasing an additional 9,139 shares in the last quarter. Institutional investors and hedge funds own 32.29% of the company’s stock.

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Grupo Financiero Galicia Company Profile

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).

The Fly

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