Feb
9
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by equities researchers at JPMorgan Chase Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 27.86 on Tuesday. The firm’s 50-day moving average price is $26.11 and its 200 day moving average price is $22.76. The company has a market capitalization of $3.62 billion and a PE ratio of 12.90. Grupo Financiero Galicia has a 1-year low of $15.30 and a 1-year high of $29.25.
Other large investors recently bought and sold shares of the company. Deltec Asset Management LLC boosted its stake 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 worth $1,849,000 after buying an additional 54,625 shares during the period. EQIS Capital Management bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $260,000. Penserra Capital Management LLC bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $1,316,000. Shell Asset Management Co. bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $1,589,000. Finally, Bienville Capital Management LLC boosted its stake in 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 period.
Separately, Zacks Investment Research raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday.
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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