Grupo Financiero Galicia (NASDAQ:GGAL) Rating Lowered to Sell at Wall Street Zen

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Thursday.

Separately, Itau BBA Securities assumed coverage on shares of Grupo Financiero Galicia in a report on Tuesday. They issued an “outperform” rating and a $70.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

Grupo Financiero Galicia Trading Up 0.9%

Shares of Grupo Financiero Galicia stock opened at $62.86 on Thursday. The firm has a market capitalization of $9.27 billion, a PE ratio of 9.26 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $58.13 and its two-hundred day moving average price is $60.35. Grupo Financiero Galicia has a 52-week low of $23.53 and a 52-week high of $74.00.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several large investors have recently made changes to their positions in GGAL. Crocodile Capital Partners GmbH bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth about $623,000. Blue Trust Inc. grew its holdings in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after purchasing an additional 1,118 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Grupo Financiero Galicia during the 4th quarter worth about $686,000. ABS Direct Equity Fund LLC acquired a new position in Grupo Financiero Galicia during the 4th quarter worth about $663,000. Finally, R Squared Ltd acquired a new position in Grupo Financiero Galicia during the 4th quarter worth about $27,000.

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.