Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 1-Year High at $31.22

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares reached a new 52-week high during trading on Monday . The company traded as high as $31.22 and last traded at $31.02, with a volume of 1323890 shares. The stock had previously closed at $28.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

Grupo Financiero Galicia Stock Performance

The company has a 50-day simple moving average of $24.70 and a 200-day simple moving average of $18.90.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGAL. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Financiero Galicia by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after acquiring an additional 161,684 shares in the last quarter. RWC Asset Management LLP boosted its stake in shares of Grupo Financiero Galicia by 114.4% during the 3rd quarter. RWC Asset Management LLP now owns 398,414 shares of the bank’s stock worth $5,199,000 after acquiring an additional 212,588 shares in the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of Grupo Financiero Galicia during the 3rd quarter worth approximately $4,706,000. Hsbc Holdings PLC boosted its stake in shares of Grupo Financiero Galicia by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after acquiring an additional 3,116 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $2,924,000.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.