Grupo Financiero Galicia (GGAL) Trading 7.7% Higher

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares traded up 7.7% during mid-day trading on Wednesday . The company traded as high as $26.25 and last traded at $26.21. 1,062,359 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 905,981 shares. The stock had previously closed at $24.33.

A number of research analysts have issued reports on the company. BidaskClub upgraded Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a research note on Monday, November 19th. ValuEngine upgraded Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. TheStreet downgraded Grupo Financiero Galicia from a “b-” rating to a “c+” rating in a research note on Friday, August 24th. Finally, Citigroup downgraded Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.00.

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in Grupo Financiero Galicia in the 2nd quarter valued at $122,000. Victory Capital Management Inc. bought a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $112,000. Exane Derivatives grew its stake in shares of Grupo Financiero Galicia by 163.7% during the 3rd quarter. Exane Derivatives now owns 5,686 shares of the bank’s stock worth $146,000 after acquiring an additional 3,530 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Grupo Financiero Galicia by 71.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,368 shares of the bank’s stock worth $162,000 after acquiring an additional 2,646 shares during the period. Finally, Pinebridge Investments L.P. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth $234,000. Hedge funds and other institutional investors own 24.77% of the company’s stock.

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About Grupo Financiero Galicia (NASDAQ:GGAL)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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