Grupo Financiero Galicia (NASDAQ:GGAL) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $61.79 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 9.10 and a beta of 1.79. Grupo Financiero Galicia has a 52-week low of $23.53 and a 52-week high of $74.00. The business has a fifty day moving average of $57.44 and a two-hundred day moving average of $59.91.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Grupo Financiero Galicia by 267.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after buying an additional 67,312 shares during the period. SMART Wealth LLC purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $295,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $315,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $686,000. Finally, Deltec Asset Management LLC purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at $262,000.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.