Feb
10
JPMorgan Chase Co. upgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from an underweight rating to a neutral rating in a research report released on Tuesday, The Fly reports. They currently have $32.00 price target on the stock, up from their prior price target of $16.00.
Separately, Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a hold rating to a buy rating and set a $31.00 price objective for the company in a research note on Friday, February 5th.
Several large investors have made changes to their positions in the stock. Deltec Asset Management LLC boosted 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. EQIS Capital Management acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $260,000. Bailard Inc. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $812,000. Schroder Investment Management Group boosted its stake in shares of Grupo Financiero Galicia by 18.1% in the fourth quarter. Schroder Investment Management Group now owns 1,107,089 shares of the company’s stock worth $29,980,000 after buying an additional 169,989 shares during the last quarter. Finally, Wells Fargo Company MN boosted its stake in shares of Grupo Financiero Galicia by 85.3% in the fourth quarter. Wells Fargo Company MN now owns 13,274 shares of the company’s stock worth $360,000 after buying an additional 6,109 shares during the last quarter.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 28.07 on Tuesday. The firm has a market capitalization of $3.65 billion and a PE ratio of 13.00. The company has a 50-day moving average price of $26.19 and a 200 day moving average price of $22.82. Grupo Financiero Galicia has a 12-month low of $15.30 and a 12-month high of $29.25.
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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