Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Lowered by Zacks Research

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. UBS Group started coverage on Grupo Financiero Galicia in a research report on Wednesday, November 19th. They set a “hold” rating and a $60.00 target price on the stock. The Goldman Sachs Group raised shares of Grupo Financiero Galicia to a “hold” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $46.00 to $75.00 in a report on Tuesday, October 28th. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Hold” and a consensus target price of $66.25.

Grupo Financiero Galicia Trading Up 3.0%

Shares of Grupo Financiero Galicia stock opened at $51.50 on Monday. The firm has a market cap of $7.59 billion, a PE ratio of 26.01 and a beta of 1.44. The stock has a 50 day moving average of $52.77 and a 200 day moving average of $46.14. Grupo Financiero Galicia has a 12 month low of $25.89 and a 12 month high of $66.24.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after purchasing an additional 2,076 shares during the period. SBI Securities Co. Ltd. raised its position in Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after purchasing an additional 849 shares in the last quarter. State of Wyoming purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $74,000. Finally, Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $110,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.