Grupo Financiero Galicia (NASDAQ:GGAL) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a buy rating to a hold rating in a report published on Thursday.

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

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $56.29 on Thursday. Grupo Financiero Galicia has a 52 week low of $11.68 and a 52 week high of $57.55. The stock has a 50 day moving average price of $48.41 and a two-hundred day moving average price of $38.26.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors and hedge funds have recently modified their holdings of GGAL. Beverly Hills Private Wealth LLC boosted its position in Grupo Financiero Galicia by 5.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 9,212 shares of the bank’s stock worth $282,000 after purchasing an additional 452 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Grupo Financiero Galicia by 12.6% during the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock worth $328,000 after purchasing an additional 872 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Grupo Financiero Galicia by 4.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock worth $1,171,000 after buying an additional 1,202 shares during the last quarter. State Street Corp grew its position in Grupo Financiero Galicia by 1.5% during the third quarter. State Street Corp now owns 84,378 shares of the bank’s stock valued at $3,551,000 after buying an additional 1,260 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Grupo Financiero Galicia during the second quarter worth about $40,000.

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.