Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded by Zacks Research to “Hold” Rating

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group raised shares of Grupo Financiero Galicia to a “hold” rating in a research report on Monday, November 10th. UBS Group began coverage on Grupo Financiero Galicia in a research note on Wednesday, November 19th. They issued a “hold” rating and a $60.00 price target for the company. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. HSBC initiated coverage on shares of Grupo Financiero Galicia in a research note on Wednesday, October 1st. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Hsbc Global Res raised shares of Grupo Financiero Galicia to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Grupo Financiero Galicia Stock Down 1.2%

Shares of GGAL stock opened at $54.06 on Monday. Grupo Financiero Galicia has a 52-week low of $25.89 and a 52-week high of $74.00. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 27.30 and a beta of 1.45. The firm’s 50-day moving average is $51.59 and its 200-day moving average is $45.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after buying an additional 533 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after purchasing an additional 2,076 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after purchasing an additional 849 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at $110,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth $151,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.