Grupo Financiero Galicia (NASDAQ:GGAL) Shares Up 7.8%

Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Rating) was up 7.8% during mid-day trading on Friday . The company traded as high as $13.91 and last traded at $13.89. Approximately 63,216 shares were traded during trading, a decline of 95% from the average daily volume of 1,254,119 shares. The stock had previously closed at $12.89.

Wall Street Analysts Forecast Growth

GGAL has been the subject of several research analyst reports. TheStreet upgraded shares of Grupo Financiero Galicia from a “c” rating to a “b-” rating in a report on Monday, September 26th. Citigroup raised Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Thursday. Finally, StockNews.com initiated coverage on Grupo Financiero Galicia in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.65.

Grupo Financiero Galicia Price Performance

The stock’s 50 day moving average price is $9.21 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC bought a new position in Grupo Financiero Galicia during the fourth quarter worth about $148,000. BNP Paribas Arbitrage SNC increased its holdings in shares of Grupo Financiero Galicia by 89.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 107,601 shares of the bank’s stock worth $803,000 after acquiring an additional 50,817 shares during the last quarter. State Street Corp raised its stake in Grupo Financiero Galicia by 3.4% in the 3rd quarter. State Street Corp now owns 172,534 shares of the bank’s stock valued at $1,303,000 after acquiring an additional 5,676 shares during the period. Long Focus Capital Management LLC lifted its holdings in Grupo Financiero Galicia by 6.3% during the 3rd quarter. Long Focus Capital Management LLC now owns 595,000 shares of the bank’s stock valued at $4,439,000 after purchasing an additional 35,000 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Grupo Financiero Galicia by 7.0% during the third quarter. First Trust Advisors LP now owns 28,167 shares of the bank’s stock worth $210,000 after purchasing an additional 1,837 shares during the period. Institutional investors own 7.87% of the company’s stock.

Grupo Financiero Galicia Company Profile

(Get Rating)

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. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services.

Further Reading

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