Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Lowered by Wall Street Zen

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Friday.

Other research analysts also recently issued research reports about the stock. 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. Citigroup downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.00.

Grupo Financiero Galicia Trading Down 3.1%

NASDAQ GGAL opened at $29.58 on Friday. The company has a market capitalization of $4.36 billion, a PE ratio of 4.36 and a beta of 1.71. The company has a fifty day moving average of $41.96 and a 200 day moving average of $51.04. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $74.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently modified their holdings of GGAL. Hsbc Holdings PLC raised its stake in Grupo Financiero Galicia by 3.1% during the 1st quarter. Hsbc Holdings PLC now owns 11,851,835 shares of the bank’s stock worth $644,503,000 after acquiring an additional 359,708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock worth $97,629,000 after acquiring an additional 664,533 shares in the last quarter. PointState Capital LP raised its stake in Grupo Financiero Galicia by 160.5% during the 1st quarter. PointState Capital LP now owns 1,504,157 shares of the bank’s stock worth $81,931,000 after acquiring an additional 926,820 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in Grupo Financiero Galicia by 90.5% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 893,965 shares of the bank’s stock worth $45,047,000 after acquiring an additional 424,693 shares in the last quarter. Finally, Banco BTG Pactual S.A. raised its stake in Grupo Financiero Galicia by 198.3% during the 2nd quarter. Banco BTG Pactual S.A. now owns 487,916 shares of the bank’s stock worth $24,586,000 after acquiring an additional 324,358 shares in the last quarter.

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.