Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Citigroup lowered shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Wednesday, September 10th. HSBC assumed coverage on Grupo Financiero Galicia in a report on Wednesday. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Zacks Research cut Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $28.69 on Wednesday. The stock has a 50-day simple moving average of $39.83 and a 200 day simple moving average of $50.08. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $74.00. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 4.23 and a beta of 1.54.

Grupo Financiero Galicia Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.1381 per share. The ex-dividend date of this dividend is Tuesday, September 30th. Grupo Financiero Galicia’s payout ratio is 10.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GGAL. Blume Capital Management Inc. bought a new stake in Grupo Financiero Galicia in the first quarter valued at approximately $55,000. Advisors Preferred LLC increased its position in shares of Grupo Financiero Galicia by 272.2% in the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank’s stock valued at $61,000 after buying an additional 803 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after buying an additional 849 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Grupo Financiero Galicia during the 2nd quarter worth $151,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Grupo Financiero Galicia by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank’s stock worth $165,000 after acquiring an additional 304 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.