Feb
9
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, ARN reports. The brokerage presently has a $31.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.23% from the company’s previous close.
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 down 0.14% during trading on Friday, reaching $27.82. The company had a trading volume of 24,021 shares. The stock has a market capitalization of $3.62 billion and a price-to-earnings ratio of 12.88. Grupo Financiero Galicia has a 1-year low of $15.30 and a 1-year high of $29.25. The company’s 50 day moving average is $26.11 and its 200-day moving average is $22.76.
A number of institutional investors have modified their holdings of GGAL. EQIS Capital Management acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $260,000. Penserra Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $1,316,000. Shell Asset Management Co. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $1,589,000. Deltec Asset Management LLC increased its position 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 period. Finally, Russell Frank Co increased its position 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 period.
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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