Jan
27
Zacks Investment Research upgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a hold rating to a buy rating in a research report released on Tuesday morning, Analyst Ratings Network.com reports. The firm currently has $29.00 price objective on the stock.
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. “
An institutional investor recently bought a new position in Grupo Financiero Galicia stock. EQIS Capital Management purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,588 shares of the company’s stock, valued at approximately $260,000.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 26.44 on Tuesday. The firm has a market cap of $3.44 billion and a price-to-earnings ratio of 11.68. The stock has a 50 day moving average price of $25.39 and a 200 day moving average price of $22.30. Grupo Financiero Galicia has a one year low of $15.30 and a one year high of $29.25.
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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