Jan
21
Zacks Investment Research downgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a strong-buy rating to a hold rating in a report published on Wednesday, Analyst Ratings Net reports.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
A hedge fund recently bought a new stake in Grupo Financiero Galicia stock. EQIS Capital Management acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund acquired 9,588 shares of the company’s stock, valued at approximately $260,000.
Grupo Financiero Galicia (NASDAQ:GGAL) traded up 3.34% during midday trading on Wednesday, reaching $24.74. 187,610 shares of the company were exchanged. The firm has a market capitalization of $3.22 billion and a PE ratio of 10.94. Grupo Financiero Galicia has a 52 week low of $15.30 and a 52 week high of $29.25. The company has a 50-day moving average of $25.23 and a 200 day moving average of $22.10.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.
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