Grupo Financiero Galicia (GGAL) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a sell rating to a hold rating in a research report sent to investors on Thursday.

GGAL has been the topic of a number of other research reports. TheStreet lowered shares of Grupo Financiero Galicia from a b- rating to a c+ rating in a research report on Friday, August 24th. Bank of America lowered shares of Grupo Financiero Galicia from a buy rating to a neutral rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a sell rating to a hold rating in a research report on Tuesday, December 11th. ValuEngine upgraded shares of Grupo Financiero Galicia from a strong sell rating to a sell rating in a research report on Thursday, November 1st. Finally, Citigroup lowered shares of Grupo Financiero Galicia from a buy rating to a neutral rating in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $87.00.

Shares of NASDAQ GGAL opened at $27.53 on Thursday. Grupo Financiero Galicia has a 1 year low of $18.30 and a 1 year high of $73.45. The company has a quick ratio of 1.20, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

A number of hedge funds and other institutional investors have recently made changes to their positions in GGAL. Wells Fargo & Company MN raised its stake in Grupo Financiero Galicia by 6.0% during the second quarter. Wells Fargo & Company MN now owns 395,673 shares of the bank’s stock worth $13,049,000 after purchasing an additional 22,569 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Grupo Financiero Galicia during the second quarter worth approximately $730,000. Sei Investments Co. raised its stake in Grupo Financiero Galicia by 163.9% during the second quarter. Sei Investments Co. now owns 63,947 shares of the bank’s stock worth $2,109,000 after purchasing an additional 39,715 shares during the period. Bank of New York Mellon Corp raised its stake in Grupo Financiero Galicia by 21.7% during the second quarter. Bank of New York Mellon Corp now owns 114,980 shares of the bank’s stock worth $3,792,000 after purchasing an additional 20,491 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Grupo Financiero Galicia by 125.5% during the second quarter. Russell Investments Group Ltd. now owns 209,886 shares of the bank’s stock worth $7,277,000 after purchasing an additional 116,797 shares during the period. Hedge funds and other institutional investors own 23.03% of the company’s stock.

Grupo Financiero Galicia Company Profile

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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