StockNews.com Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Buy

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ:GGAL opened at $24.37 on Monday. Grupo Financiero Galicia has a twelve month low of $10.28 and a twelve month high of $25.60. The business has a fifty day moving average of $20.49 and a 200-day moving average of $16.71.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. INCA Investments LLC raised its holdings in Grupo Financiero Galicia by 33.8% during the 1st quarter. INCA Investments LLC now owns 3,086,245 shares of the bank’s stock worth $33,331,000 after purchasing an additional 779,545 shares during the last quarter. Morgan Stanley grew its position in shares of Grupo Financiero Galicia by 318.7% during the 4th quarter. Morgan Stanley now owns 628,672 shares of the bank’s stock worth $6,117,000 after buying an additional 478,516 shares during the period. Hsbc Holdings PLC grew its position in shares of Grupo Financiero Galicia by 6.6% during the 1st quarter. Hsbc Holdings PLC now owns 425,200 shares of the bank’s stock worth $4,622,000 after buying an additional 26,262 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Grupo Financiero Galicia by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after buying an additional 161,684 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Grupo Financiero Galicia during the 1st quarter worth about $4,323,000.

About Grupo Financiero Galicia

(Get Free Report)

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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