Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday.

Several other research firms have also recently issued reports on GGAL. Zacks Investment Research upgraded Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, June 6th. Citigroup Inc. cut Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Wednesday, June 7th.

Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 11.09% during trading on Monday, reaching $42.17. The company had a trading volume of 1,450,399 shares. The stock’s 50-day moving average price is $39.55 and its 200-day moving average price is $38.79. Grupo Financiero Galicia has a 52 week low of $23.23 and a 52 week high of $47.34. The company has a market capitalization of $5.48 billion, a PE ratio of 14.32 and a beta of 1.31.

TRADEMARK VIOLATION WARNING: “Grupo Financiero Galicia S.A. (GGAL) Raised to “Hold” at BidaskClub” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/grupo-financiero-galicia-s-a-ggal-raised-to-hold-at-bidaskclub/1488297.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Grupo Financiero Galicia during the first quarter valued at $107,000. Advisor Group Inc. boosted its position in shares of Grupo Financiero Galicia by 126.5% in the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after buying an additional 1,674 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after buying an additional 887 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Grupo Financiero Galicia during the second quarter valued at $212,000. Finally, LSV Asset Management boosted its position in shares of Grupo Financiero Galicia by 59.1% in the second quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 30.55% of the company’s stock.

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).

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