StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL – Free Report) from a hold rating to a buy rating in a research report report published on Wednesday.
Grupo Financiero Galicia Stock Performance
GGAL opened at $26.10 on Wednesday. The business has a 50-day moving average of $22.44 and a two-hundred day moving average of $17.44. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $27.20.
Institutional Investors Weigh In On Grupo Financiero Galicia
A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in shares of Grupo Financiero Galicia by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after acquiring an additional 3,116 shares in the last quarter. Dfpg Investments LLC boosted its position in Grupo Financiero Galicia by 49.8% in the 4th quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after buying an additional 8,224 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Grupo Financiero Galicia in the third quarter worth about $203,000. Assenagon Asset Management S.A. acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $2,924,000. Finally, Banque Pictet & Cie SA bought a new stake in shares of Grupo Financiero Galicia in the third quarter worth $4,706,000.
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.
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