The Goldman Sachs Group Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to “Hold”

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by investment analysts at The Goldman Sachs Group to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on GGAL. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their target price for the company from $46.00 to $75.00 in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

Grupo Financiero Galicia Stock Up 0.6%

Shares of Grupo Financiero Galicia stock traded up $0.31 during trading on Monday, hitting $55.50. 734,261 shares of the stock were exchanged, compared to its average volume of 1,899,660. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50-day moving average price is $37.41 and its 200 day moving average price is $47.40. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 29.34 and a beta of 1.58. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $74.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in shares of Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock worth $26,000 after purchasing an additional 533 shares during the last quarter. Blume Capital Management Inc. acquired a new position in Grupo Financiero Galicia in the 1st quarter valued at $55,000. Advisors Preferred LLC increased its stake in Grupo Financiero Galicia by 272.2% in the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank’s stock valued at $61,000 after buying an additional 803 shares during the period. SBI Securities Co. Ltd. raised its position in Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock worth $61,000 after buying an additional 849 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $110,000.

Grupo Financiero Galicia Company Profile

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.