Feb
8
Zacks Investment Research upgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a hold rating to a buy rating in a research note published on Friday morning, Marketbeat reports. Zacks Investment Research currently has $31.00 target price 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. “
Other large investors have modified their holdings of the company. EQIS Capital Management acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $260,000. Shell Asset Management Co. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $1,589,000. Deltec Asset Management LLC increased its stake in shares of Grupo Financiero Galicia by 400.4% in the fourth quarter. Deltec Asset Management LLC now owns 68,269 shares of the company’s stock worth $1,849,000 after buying an additional 54,625 shares during the last quarter. Russell Frank Co increased its stake in shares of Grupo Financiero Galicia by 23.6% in the fourth quarter. Russell Frank Co now owns 311,898 shares of the company’s stock worth $8,389,000 after buying an additional 59,617 shares during the last quarter. Finally, Bienville Capital Management LLC increased its stake in shares of Grupo Financiero Galicia by 12.7% in the fourth quarter. Bienville Capital Management LLC now owns 785,713 shares of the company’s stock worth $21,277,000 after buying an additional 88,622 shares during the last quarter.
Grupo Financiero Galicia (NASDAQ:GGAL) opened at 27.85 on Friday. The stock’s 50 day moving average price is $26.01 and its 200-day moving average price is $22.66. Grupo Financiero Galicia has a 52 week low of $15.30 and a 52 week high of $29.25. The company has a market capitalization of $3.62 billion and a PE ratio of 12.89.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires SA (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.
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