Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) to a hold rating in a report published on Monday,Zacks.com reports.

GGAL has been the subject of a number of other research reports. Hsbc Global Res upgraded Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Financiero Galicia in a research note on Wednesday, October 8th. HSBC initiated coverage on shares of Grupo Financiero Galicia in a research note on Wednesday, October 1st. They set a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $75.00 in a research note on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

Grupo Financiero Galicia Stock Up 0.4%

Shares of Grupo Financiero Galicia stock opened at $55.39 on Monday. 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. The company has a 50-day moving average of $37.75 and a 200 day moving average of $47.45. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 29.15 and a beta of 1.58.

Grupo Financiero Galicia Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.1349 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, November 3rd. Grupo Financiero Galicia’s dividend payout ratio is presently 84.74%.

Institutional Investors Weigh In On Grupo Financiero Galicia

Large investors have recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its stake in shares of Grupo Financiero Galicia by 19.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 48,521 shares of the bank’s stock worth $1,337,000 after purchasing an additional 7,873 shares during the period. Quantbot Technologies LP increased its position in Grupo Financiero Galicia by 1,271.3% in the third quarter. Quantbot Technologies LP now owns 29,195 shares of the bank’s stock worth $805,000 after buying an additional 27,066 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Grupo Financiero Galicia by 45.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 67,479 shares of the bank’s stock worth $1,860,000 after acquiring an additional 21,000 shares in the last quarter. Banco Santander S.A. raised its stake in Grupo Financiero Galicia by 215.8% during the 3rd quarter. Banco Santander S.A. now owns 119,514 shares of the bank’s stock worth $3,294,000 after acquiring an additional 81,670 shares during the period. Finally, Monaco Asset Management SAM purchased a new position in Grupo Financiero Galicia during the third quarter valued at approximately $413,000.

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.