Grupo Financiero Galicia (GGAL) Lifted to “Buy” at BidaskClub

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research firms have also weighed in on GGAL. ValuEngine lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Monday, November 20th. UBS upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Finally, Santander lowered shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold”.

Grupo Financiero Galicia (NASDAQ:GGAL) traded up $2.73 during trading hours on Thursday, hitting $62.36. 1,003,601 shares of the stock were exchanged, compared to its average volume of 454,270. The firm has a market capitalization of $7,684.60, a price-to-earnings ratio of 18.88 and a beta of 1.14. Grupo Financiero Galicia has a 1 year low of $23.23 and a 1 year high of $62.45.

A number of hedge funds have recently added to or reduced their stakes in GGAL. Victory Capital Management Inc. acquired a new stake in Grupo Financiero Galicia during the third quarter valued at $107,000. Bank of America Corp DE grew its position in Grupo Financiero Galicia by 39.5% during the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after buying an additional 887 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Grupo Financiero Galicia by 0.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock valued at $121,000 after purchasing an additional 17 shares in the last quarter. Advisor Group Inc. lifted its holdings in Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Grupo Financiero Galicia during the second quarter valued at $212,000. Institutional investors own 32.29% of the company’s stock.

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About Grupo Financiero Galicia

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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