Grupo Financiero Galicia (NASDAQ:GGAL) Stock Price Down 5.8% – Should You Sell?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares traded down 5.8% during trading on Tuesday . The company traded as low as $60.23 and last traded at $59.41. 118,453 shares changed hands during trading, a decline of 89% from the average session volume of 1,040,505 shares. The stock had previously closed at $63.04.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target on the stock in a research report on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

The stock has a fifty day moving average of $65.51 and a 200-day moving average of $51.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

Institutional Trading of Grupo Financiero Galicia

Several hedge funds have recently modified their holdings of GGAL. R Squared Ltd acquired a new stake in Grupo Financiero Galicia in the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares during the period. Blue Trust Inc. boosted its position in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after purchasing an additional 1,118 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $167,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Grupo Financiero Galicia in the fourth quarter valued at about $216,000.

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.