BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research note issued to investors on Monday.
GGAL has been the subject of several other research reports. Bank of America cut Grupo Financiero Galicia from a buy rating to a neutral rating in a research note on Thursday, October 25th. Zacks Investment Research raised Grupo Financiero Galicia from a sell rating to a hold rating in a research note on Tuesday, December 11th. Finally, ValuEngine raised Grupo Financiero Galicia from a strong sell rating to a sell rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Grupo Financiero Galicia has an average rating of Buy and an average target price of $32.00.
NASDAQ GGAL opened at $36.51 on Monday. Grupo Financiero Galicia has a one year low of $18.30 and a one year high of $70.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19.
Large investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $72,000. Victory Capital Management Inc. bought a new position in Grupo Financiero Galicia in the third quarter worth approximately $112,000. Tower Research Capital LLC TRC bought a new position in Grupo Financiero Galicia in the second quarter worth approximately $122,000. Exane Derivatives boosted its holdings in Grupo Financiero Galicia by 163.7% in the third quarter. Exane Derivatives now owns 5,686 shares of the bank’s stock worth $146,000 after acquiring an additional 3,530 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in Grupo Financiero Galicia in the third quarter worth approximately $231,000. Institutional investors and hedge funds own 22.87% of the company’s stock.
About Grupo Financiero Galicia
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
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