Zacks Research Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Hold

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on GGAL. JPMorgan Chase & Co. cut their price objective on shares of Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Grupo Financiero Galicia Stock Down 2.5%

Shares of NASDAQ GGAL opened at $40.79 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $6.55 billion, a P/E ratio of 20.60, a PEG ratio of 0.29 and a beta of 1.27. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $65.48. The firm has a 50-day simple moving average of $44.45 and a two-hundred day simple moving average of $49.25.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Wednesday, May 13th. The bank reported $0.30 EPS for the quarter. The business had revenue of $1.53 billion for the quarter. Grupo Financiero Galicia had a net margin of 7.13% and a return on equity of 18.96%. Research analysts anticipate that Grupo Financiero Galicia will post 3.69 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new position in Grupo Financiero Galicia in the fourth quarter worth $39,000. Hantz Financial Services Inc. lifted 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 buying an additional 533 shares during the period. State of Wyoming acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $74,000. Leonteq Securities AG lifted its stake in shares of Grupo Financiero Galicia by 563.2% during the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after buying an additional 1,729 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Grupo Financiero Galicia by 4,942.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock worth $58,000 after buying an additional 2,076 shares during the period.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.