BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

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

Shares of Grupo Financiero Galicia (NASDAQ GGAL) opened at $64.98 on Thursday. Grupo Financiero Galicia has a fifty-two week low of $23.23 and a fifty-two week high of $65.47. The company has a market cap of $8,449.15, a price-to-earnings ratio of 20.76 and a beta of 1.14.

Several institutional investors and hedge funds have recently bought and sold shares of GGAL. Victory Capital Management Inc. purchased a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth about $107,000. Bank of America Corp DE raised its position in shares of Grupo Financiero Galicia by 39.5% in the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after purchasing an additional 887 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Grupo Financiero Galicia by 0.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after purchasing an additional 17 shares during the last quarter. Advisor Group Inc. raised its position in shares of Grupo Financiero Galicia by 126.5% in the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after purchasing an additional 1,674 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth about $212,000. 32.29% of the stock is owned by hedge funds and other institutional investors.

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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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