Jan
26
Zacks Investment Research lowered shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a strong-buy rating to a hold rating in a report issued on Wednesday morning, Market Beat 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. “
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.70% during midday trading on Wednesday, hitting $25.50. The stock had a trading volume of 262,282 shares. Grupo Financiero Galicia has a 52 week low of $15.30 and a 52 week high of $29.25. The company has a market cap of $3.32 billion and a PE ratio of 11.27. The stock’s 50 day moving average price is $25.29 and its 200-day moving average price is $22.17.
An institutional investor recently bought a new position in Grupo Financiero Galicia stock. EQIS Capital Management bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 9,588 shares of the company’s stock, valued at approximately $260,000.
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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