Zacks Investment Research upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research note published on Wednesday. The firm currently has $74.00 price target on the bank’s stock.

According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “

A number of other equities analysts also recently commented on GGAL. Santander downgraded shares of Grupo Financiero Galicia from a hold rating to an underperform rating in a research report on Friday, September 8th. Citigroup upgraded shares of Grupo Financiero Galicia from a sell rating to a neutral rating in a research report on Friday, September 8th. UBS Group upgraded shares of Grupo Financiero Galicia from a neutral rating to a buy rating in a research report on Wednesday, October 4th. ValuEngine downgraded shares of Grupo Financiero Galicia from a buy rating to a hold rating in a research report on Thursday, December 7th. Finally, BidaskClub upgraded shares of Grupo Financiero Galicia from a hold rating to a buy rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $74.00.

Grupo Financiero Galicia (NASDAQ:GGAL) opened at $68.75 on Wednesday. The company has a market cap of $8,939.36, a price-to-earnings ratio of 21.96 and a beta of 1.15. Grupo Financiero Galicia has a 12-month low of $28.35 and a 12-month high of $70.15.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in shares of Grupo Financiero Galicia in the 3rd quarter valued at about $107,000. Bank of America Corp DE increased its holdings 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 valued at $120,000 after purchasing an additional 887 shares in the last quarter. Advisor Group Inc. increased its holdings 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 valued at $128,000 after purchasing an additional 1,674 shares in the last quarter. Private Advisory Group LLC purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at about $266,000. Finally, LSV Asset Management increased its holdings in shares of Grupo Financiero Galicia by 59.1% in the 2nd quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 32.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/grupo-financiero-galicia-ggal-upgraded-to-buy-at-zacks-investment-research/1797929.html.

Grupo Financiero Galicia Company Profile

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).

Get a free copy of the Zacks research report on Grupo Financiero Galicia (GGAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with Analyst Ratings Network's FREE daily email newsletter.