Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded at The Goldman Sachs Group

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by equities researchers at The Goldman Sachs Group to a “hold” rating in a report released on Monday,Zacks.com reports.

GGAL has been the subject of several other reports. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. HSBC began coverage on Grupo Financiero Galicia in a research report on Wednesday, October 1st. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. Finally, Hsbc Global Res upgraded Grupo Financiero Galicia to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $55.19 on Monday. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 29.05 and a beta of 1.58. The stock has a fifty day moving average of $37.41 and a 200 day moving average of $47.40. Grupo Financiero Galicia has a 52 week low of $25.89 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 Investors Weigh In On Grupo Financiero Galicia

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of Grupo Financiero Galicia by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank’s stock valued at $1,683,000 after acquiring an additional 483 shares in the last quarter. Whittier Trust Co. bought a new stake in Grupo Financiero Galicia during the 1st quarter valued at about $675,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Grupo Financiero Galicia during the 1st quarter valued at about $230,000. Victory Capital Management Inc. purchased a new position in Grupo Financiero Galicia in the first quarter worth about $7,209,000. Finally, Triasima Portfolio Management inc. lifted its stake in shares of Grupo Financiero Galicia by 16.0% in the first quarter. Triasima Portfolio Management inc. now owns 7,320 shares of the bank’s stock worth $399,000 after buying an additional 1,010 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.