Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Lowered by Wall Street Zen

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms also recently commented on GGAL. Itau BBA Securities initiated coverage on Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an “outperform” rating and a $70.00 price objective on the stock. Zacks Research downgraded Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.00.

Grupo Financiero Galicia Trading Up 0.3%

GGAL opened at $40.10 on Friday. The stock’s fifty day moving average is $47.55 and its two-hundred day moving average is $53.90. The company has a market capitalization of $5.91 billion, a P/E ratio of 5.91 and a beta of 1.71. Grupo Financiero Galicia has a 52 week low of $36.56 and a 52 week high of $74.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Institutional Trading of Grupo Financiero Galicia

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

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.