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

Grupo Financiero Galicia (NASDAQ:GGALGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Grupo Financiero Galicia Price Performance

NASDAQ GGAL traded up $1.48 during trading hours on Monday, reaching $32.47. 1,204,500 shares of the company’s stock traded hands, compared to its average volume of 1,029,127. Grupo Financiero Galicia has a 52-week low of $10.57 and a 52-week high of $37.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $30.25 and a 200 day simple moving average of $22.47.

Institutional Trading of Grupo Financiero Galicia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in Grupo Financiero Galicia by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after acquiring an additional 3,116 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Grupo Financiero Galicia by 62.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after buying an additional 161,684 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $2,924,000. Dfpg Investments LLC grew its holdings in shares of Grupo Financiero Galicia by 49.8% during the fourth quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after buying an additional 8,224 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Grupo Financiero Galicia in the 3rd quarter worth approximately $203,000.

Grupo Financiero Galicia Company Profile

(Get Free Report)

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.

Further Reading

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