Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an underweight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $92.00 target price on the bank’s stock.

Several other brokerages have also issued reports on GGAL. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $63.33 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia has a 1 year low of $15.32 and a 1 year high of $70.30. The firm has a 50-day moving average of $55.02 and a 200 day moving average of $42.01. The company has a market cap of $9.34 billion, a P/E ratio of 8.69 and a beta of 1.87.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several large investors have recently modified their holdings of the stock. Dorsey Wright & Associates increased its stake in Grupo Financiero Galicia by 11.2% during the 3rd quarter. Dorsey Wright & Associates now owns 127,179 shares of the bank’s stock valued at $5,353,000 after purchasing an additional 12,815 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Grupo Financiero Galicia during the third quarter valued at approximately $266,000. State Street Corp increased its position in shares of 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 acquiring an additional 1,260 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Grupo Financiero Galicia in the 3rd quarter worth approximately $278,000. Finally, PointState Capital LP lifted its position in Grupo Financiero Galicia by 15.8% in the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after acquiring an additional 68,658 shares in the last quarter.

Grupo Financiero Galicia Company Profile

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.