Feb
12
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by equities research analysts at JPMorgan Chase Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports. The brokerage currently has a $32.00 price objective on the stock, up from their previous price objective of $16.00. JPMorgan Chase Co.’s target price suggests a potential upside of 18.96% from the stock’s current price.
Separately, Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, February 5th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 3.58% during midday trading on Tuesday, reaching $26.90. The company had a trading volume of 200,399 shares. The company’s 50 day moving average price is $26.27 and its 200 day moving average price is $22.86. Grupo Financiero Galicia has a 52-week low of $15.30 and a 52-week high of $29.25. The stock has a market capitalization of $3.50 billion and a PE ratio of 12.45.
A number of large investors recently bought and sold shares of the stock. Wells Fargo Company MN raised its stake in 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 in the last quarter. EQIS Capital Management acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $260,000. Bailard Inc. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $812,000. Penserra Capital Management LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $1,316,000. Finally, Deltec Asset Management LLC raised 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.
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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