StockNews.com downgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL – Free Report) from a buy rating to a hold rating in a research report released on Tuesday.
Grupo Financiero Galicia Stock Performance
Grupo Financiero Galicia stock opened at $25.42 on Tuesday. The business has a 50 day simple moving average of $22.02 and a 200-day simple moving average of $17.23. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $27.20.
Institutional Investors Weigh In On Grupo Financiero Galicia
Hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $42,000. Tower Research Capital LLC TRC grew its holdings in Grupo Financiero Galicia by 865.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,158 shares of the bank’s stock valued at $68,000 after buying an additional 5,520 shares during the last quarter. Barclays PLC bought a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth approximately $69,000. FNY Investment Advisers LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at $86,000. Finally, UBS Group AG increased its stake in shares of Grupo Financiero Galicia by 391.0% in the 1st quarter. UBS Group AG now owns 9,378 shares of the bank’s stock valued at $103,000 after buying an additional 7,468 shares during the period.
About Grupo Financiero Galicia
Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.
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