Feb
10
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat.Com 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. “
Separately, JPMorgan Chase Co. raised Grupo Financiero Galicia from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $16.00 to $32.00 in a research note on Tuesday.
A number of hedge funds have modified their holdings of GGAL. Morgan Stanley increased its stake in shares of Grupo Financiero Galicia by 228.7% in the fourth quarter. Morgan Stanley now owns 1,403,263 shares of the company’s stock valued at $38,001,000 after buying an additional 976,292 shares during the period. Penserra Capital Management LLC purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth about $1,316,000. Shell Asset Management Co. purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth about $1,589,000. Bienville Capital Management LLC increased 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 last quarter. Finally, Russell Frank Co increased its stake in 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.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 0.22% during mid-day trading on Tuesday, hitting $27.80. The stock had a trading volume of 143,537 shares. Grupo Financiero Galicia has a 12 month low of $15.30 and a 12 month high of $29.25. The stock has a market cap of $3.61 billion and a price-to-earnings ratio of 12.87. The stock’s 50-day moving average price is $26.11 and its 200-day moving average price is $22.76.
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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