Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a strong-buy rating to a hold rating in a report on Friday. ValuEngine raised shares of Grupo Financiero Galicia from a sell rating to a hold rating in a report on Wednesday, October 2nd. Credit Suisse Group cut shares of Grupo Financiero Galicia from a neutral rating to an underperform rating in a research note on Tuesday, October 29th. Morgan Stanley cut shares of Grupo Financiero Galicia from an overweight rating to an underweight rating in a research note on Monday, August 12th. Finally, Scotiabank upgraded Grupo Financiero Galicia from an underperform rating to a sector perform rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $21.00.
Shares of GGAL stock opened at $13.80 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 2.22 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 0.77. Grupo Financiero Galicia has a fifty-two week low of $9.53 and a fifty-two week high of $39.22. The business has a fifty day simple moving average of $12.45 and a 200-day simple moving average of $21.37.
Several institutional investors and hedge funds have recently bought and sold shares of GGAL. FMR LLC increased its position in Grupo Financiero Galicia by 6.9% during the 1st quarter. FMR LLC now owns 971,125 shares of the bank’s stock worth $24,783,000 after purchasing an additional 63,062 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Grupo Financiero Galicia in the 2nd quarter valued at about $9,899,000. BP PLC acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $664,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $1,096,000. Finally, Aviva PLC acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $1,104,000. 20.41% of the stock is currently owned by institutional investors and hedge funds.
About Grupo Financiero Galicia
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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