Grupo Financiero Galicia (NASDAQ:GGAL) Raised to Hold at Zacks Research

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. UBS Group assumed coverage on Grupo Financiero Galicia in a research report on Wednesday, November 19th. They issued a “hold” rating and a $60.00 target price for the company. Wall Street Zen upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Hsbc Global Res raised Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $54.06 on Monday. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 27.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day simple moving average of $51.59 and a 200 day simple moving average of $45.49. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $74.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of Grupo Financiero Galicia by 131.6% in the 3rd 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 last quarter. SBI Securities Co. Ltd. grew its holdings 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 worth $61,000 after acquiring an additional 849 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Grupo Financiero Galicia by 4,942.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,076 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at about $151,000. Finally, Blue Trust Inc. grew its stake in Grupo Financiero Galicia by 184.7% during the second quarter. Blue Trust Inc. now owns 3,528 shares of the bank’s stock worth $178,000 after purchasing an additional 2,289 shares during the period.

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.