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

StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a report released on Wednesday.

A number of other research analysts have also recently issued reports on GGAL. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a report on Friday, August 30th. Finally, Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their price objective for the company from $28.00 to $36.00 in a research report on Thursday, August 8th.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL traded down $0.94 during trading on Wednesday, reaching $53.82. The stock had a trading volume of 743,694 shares, compared to its average volume of 974,057. The firm’s 50 day moving average price is $47.02 and its two-hundred day moving average price is $37.36. Grupo Financiero Galicia has a one year low of $11.48 and a one year high of $57.24.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at about $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth $51,000. Headlands Technologies LLC acquired a new position in shares of Grupo Financiero Galicia in the first quarter valued at approximately $67,000. NorthRock Partners LLC bought a new stake in shares of Grupo Financiero Galicia during the third quarter worth about $253,000. Finally, Banco Santander S.A. acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth about $211,000.

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.