Galicia Financial Group (GGAL) Trading -0.1% Higher

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Galicia Financial Group (NASDAQ:GGAL) shares traded up 0.1% on Monday . The company traded as high as $50.99 and last traded at $50.30. 20,114 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 844,765 shares. The stock had previously closed at $50.35.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Galicia Financial Group from a “sell” rating to a “hold” rating in a report on Friday, June 8th. BidaskClub raised shares of Galicia Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, June 8th. UBS Group raised shares of Galicia Financial Group from a “hold” rating to a “buy” rating in a report on Friday, May 25th. Finally, Zacks Investment Research cut shares of Galicia Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Galicia Financial Group currently has an average rating of “Hold” and a consensus target price of $87.00.

Several hedge funds and other institutional investors have recently made changes to their positions in GGAL. Victory Capital Management Inc. grew its position in shares of Galicia Financial Group by 60.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,341 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,265 shares during the period. Barings LLC acquired a new stake in shares of Galicia Financial Group in the fourth quarter valued at about $1,219,000. Wells Fargo & Company MN grew its position in shares of Galicia Financial Group by 623,405.1% in the fourth quarter. Wells Fargo & Company MN now owns 243,167 shares of the bank’s stock valued at $16,013,000 after purchasing an additional 243,128 shares during the period. Global X Management Co. LLC grew its position in shares of Galicia Financial Group by 139.0% in the fourth quarter. Global X Management Co. LLC now owns 366,675 shares of the bank’s stock valued at $24,146,000 after purchasing an additional 213,241 shares during the period. Finally, BlackRock Inc. grew its position in shares of Galicia Financial Group by 13.6% in the fourth quarter. BlackRock Inc. now owns 1,410,612 shares of the bank’s stock valued at $92,888,000 after purchasing an additional 168,722 shares during the period. Institutional investors and hedge funds own 31.15% of the company’s stock.

Galicia Financial Group Company Profile

Grupo Financiero Galicia SA is a holding company, which engages in banking, insurance, and the issuance of certificates of deposit through its subsidiaries. Its other activities include intercompany e-commerce, custody services, securities-related representations, mandates, and commissions. The company was founded on September 14, 1999 and is headquartered in Buenos Aires, Argentina.

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