Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) were up 19.6% on Monday . The stock traded as high as $22.93 and last traded at $22.50. Approximately 4,750,118 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 1,611,769 shares. The stock had previously closed at $18.82.

Several analysts have weighed in on GGAL shares. ValuEngine downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. BidaskClub downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. UBS Group raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Friday, May 25th. Finally, Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $87.00.

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 1.17.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings data on Friday, August 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $483.52 million for the quarter, compared to the consensus estimate of $392.51 million. analysts expect that Grupo Financiero Galicia S.A. will post 3.71 earnings per share for the current year.

Several large investors have recently modified their holdings of GGAL. Artisan Partners Limited Partnership raised its stake in shares of Grupo Financiero Galicia by 203.3% during the second quarter. Artisan Partners Limited Partnership now owns 1,678,503 shares of the bank’s stock valued at $55,357,000 after acquiring an additional 1,125,035 shares during the last quarter. FMR LLC raised its stake in shares of Grupo Financiero Galicia by 831.3% during the second quarter. FMR LLC now owns 640,138 shares of the bank’s stock valued at $21,112,000 after acquiring an additional 571,400 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Grupo Financiero Galicia by 55.4% during the first quarter. Royal Bank of Canada now owns 1,342,041 shares of the bank’s stock valued at $88,253,000 after acquiring an additional 478,284 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Grupo Financiero Galicia during the second quarter valued at about $9,314,000. Finally, Schroder Investment Management Group raised its stake in shares of Grupo Financiero Galicia by 23.6% during the second quarter. Schroder Investment Management Group now owns 1,478,671 shares of the bank’s stock valued at $52,049,000 after acquiring an additional 282,015 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Grupo Financiero Galicia Company Profile (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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