Feb
11
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 issued to investors on Friday, Marketbeat.com reports. The firm currently has $31.00 price target 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. “
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 0.50% during trading on Friday, hitting $27.90. The company had a trading volume of 219,233 shares. The stock’s 50-day moving average price is $26.19 and its 200 day moving average price is $22.82. 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 $3.63 billion and a P/E ratio of 12.92.
A number of hedge funds have modified their holdings of GGAL. 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 valued at $1,849,000 after buying an additional 54,625 shares during the period. EQIS Capital Management acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $260,000. Bailard Inc. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $812,000. Schroder Investment Management Group increased 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 valued at $29,980,000 after buying an additional 169,989 shares during the period. Finally, Wells Fargo Company MN increased 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 valued at $360,000 after buying an additional 6,109 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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