Grupo Financiero Galicia (NASDAQ:GGAL) Trading 5.8% Higher – Should You Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares were up 5.8% during mid-day trading on Friday . The stock traded as high as $51.71 and last traded at $51.77. Approximately 346,014 shares changed hands during trading, a decline of 68% from the average daily volume of 1,075,847 shares. The stock had previously closed at $48.92.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Price Performance

The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 7.90 and a beta of 1.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $56.78 and a two-hundred day moving average price of $57.69.

Institutional Investors Weigh In On Grupo Financiero Galicia

Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $34,000. Compass Group LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $67,000. GeoWealth Management LLC acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $71,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after acquiring an additional 624 shares during the period.

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.