Jan
30
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 2.25% during mid-day trading on Wednesday, hitting $27.29. The stock had a trading volume of 383,055 shares. The stock has a market cap of $3.55 billion and a P/E ratio of 12.17. The stock has a 50-day moving average price of $25.59 and a 200 day moving average price of $22.42. Grupo Financiero Galicia has a 52 week low of $15.30 and a 52 week high of $29.25.
A number of institutional investors have recently bought and sold shares of the company. Russell Frank Co boosted its position in Grupo Financiero Galicia by 23.6% in the fourth quarter. Russell Frank Co now owns 311,898 shares of the company’s stock valued at $8,389,000 after buying an additional 59,617 shares during the last quarter. Deltec Asset Management LLC boosted its position in Grupo Financiero Galicia by 400.4% in the fourth quarter. Deltec Asset Management LLC now owns 68,269 shares of the company’s stock valued at $1,849,000 after buying an additional 54,625 shares during the last quarter. Finally, EQIS Capital Management purchased a new position in Grupo Financiero Galicia during the fourth quarter valued at $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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