Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded to Buy at StockNews.com

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ:GGAL opened at $27.77 on Wednesday. The company has a fifty day simple moving average of $23.54 and a 200 day simple moving average of $18.21. Grupo Financiero Galicia has a 12-month low of $10.57 and a 12-month high of $30.28.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors have recently added to or reduced their stakes in GGAL. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Grupo Financiero Galicia during the third quarter valued at $42,000. Tower Research Capital LLC TRC increased its stake in Grupo Financiero Galicia by 865.2% during the first quarter. Tower Research Capital LLC TRC now owns 6,158 shares of the bank’s stock valued at $68,000 after purchasing an additional 5,520 shares during the last quarter. Barclays PLC bought a new stake in Grupo Financiero Galicia during the second quarter valued at $69,000. FNY Investment Advisers LLC bought a new stake in Grupo Financiero Galicia during the fourth quarter valued at $86,000. Finally, UBS Group AG increased its stake in Grupo Financiero Galicia by 391.0% during the first quarter. UBS Group AG now owns 9,378 shares of the bank’s stock valued at $103,000 after purchasing an additional 7,468 shares during the last quarter.

About Grupo Financiero Galicia

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.