Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Lowered by StockNews.com

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, August 28th.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $11.96 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. Grupo Financiero Galicia has a 52-week low of $7.00 and a 52-week high of $18.64. The stock’s 50 day moving average is $13.26 and its two-hundred day moving average is $14.49.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds have recently bought and sold shares of GGAL. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Grupo Financiero Galicia in the 3rd quarter worth about $42,000. Tower Research Capital LLC TRC increased its position in Grupo Financiero Galicia by 865.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,158 shares of the bank’s stock worth $68,000 after purchasing an additional 5,520 shares during the last quarter. Barclays PLC acquired a new position in Grupo Financiero Galicia in the 2nd quarter worth about $69,000. UBS Group AG increased its position in Grupo Financiero Galicia by 391.0% in the 1st quarter. UBS Group AG now owns 9,378 shares of the bank’s stock worth $103,000 after purchasing an additional 7,468 shares during the last quarter. Finally, Raymond James & Associates acquired a new position in Grupo Financiero Galicia in the 1st quarter worth about $112,000.

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.