Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares traded up 5% during mid-day trading on Monday . The company traded as high as $67.60 and last traded at $66.81. 594,127 shares were traded during trading, an increase of 42% from the average session volume of 418,796 shares. The stock had previously closed at $63.62.

A number of research analysts have issued reports on the company. Zacks Investment Research lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. BidaskClub upgraded Grupo Financiero Galicia from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. Bank of America initiated coverage on Grupo Financiero Galicia in a report on Tuesday, January 23rd. They issued a “buy” rating and a $100.00 price objective for the company. ValuEngine upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, HSBC lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Grupo Financiero Galicia presently has an average rating of “Buy” and an average target price of $87.00.

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The company has a market capitalization of $8,687.10, a PE ratio of 21.35 and a beta of 1.29.

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new position in Grupo Financiero Galicia during the third quarter valued at $107,000. Earnest Partners LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at $198,000. Envestnet Asset Management Inc. raised its position in Grupo Financiero Galicia by 69.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the bank’s stock valued at $199,000 after buying an additional 1,243 shares during the period. GRATRY & Co LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at $210,000. Finally, Virtu Financial LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at $291,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

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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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