Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other equities analysts have also recently commented on GGAL. Bank of America cut Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. ValuEngine raised Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.00.
Shares of Grupo Financiero Galicia stock opened at $33.78 on Tuesday. Grupo Financiero Galicia has a one year low of $18.30 and a one year high of $71.80. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51.
Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Wednesday, November 28th. The bank reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.36. The company had revenue of $401.18 million during the quarter, compared to the consensus estimate of $415.61 million. On average, equities analysts predict that Grupo Financiero Galicia will post 3.03 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Cheyne Capital Management UK LLP purchased a new stake in Grupo Financiero Galicia in the 3rd quarter worth $1,271,000. Tower Research Capital LLC TRC increased its stake in Grupo Financiero Galicia by 71.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,368 shares of the bank’s stock worth $162,000 after buying an additional 2,646 shares in the last quarter. Marshall Wace LLP increased its stake in Grupo Financiero Galicia by 184.7% in the 3rd quarter. Marshall Wace LLP now owns 32,074 shares of the bank’s stock worth $816,000 after buying an additional 20,808 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Grupo Financiero Galicia in the 3rd quarter worth $4,710,000. Finally, Eaton Vance Management increased its stake in Grupo Financiero Galicia by 38.6% in the 3rd quarter. Eaton Vance Management now owns 58,176 shares of the bank’s stock worth $1,479,000 after buying an additional 16,200 shares in the last quarter. Institutional investors and hedge funds own 22.87% of the company’s stock.
Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
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