Grupo Financiero Galicia (GGAL) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a buy rating to a strong-buy rating in a research note published on Tuesday.

Other research analysts have also recently issued reports about the stock. UBS Group raised shares of Grupo Financiero Galicia from a neutral rating to a buy rating in a research note on Wednesday, October 4th. Citigroup raised shares of Grupo Financiero Galicia from a neutral rating to a buy rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Grupo Financiero Galicia from a hold rating to a buy rating and set a $74.00 price objective on the stock in a research note on Wednesday, January 3rd. HSBC cut shares of Grupo Financiero Galicia from a buy rating to a hold rating in a research note on Thursday, December 21st. Finally, ValuEngine cut shares of Grupo Financiero Galicia from a buy rating to a hold rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Grupo Financiero Galicia has an average rating of Hold and a consensus price target of $74.00.

Shares of Grupo Financiero Galicia (GGAL) traded down $0.82 during trading hours on Tuesday, reaching $72.06. 299,391 shares of the company were exchanged, compared to its average volume of 268,580. The company has a market capitalization of $9,476.37, a PE ratio of 23.28 and a beta of 1.15. Grupo Financiero Galicia has a fifty-two week low of $30.61 and a fifty-two week high of $73.45.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Wednesday, November 29th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. research analysts forecast that Grupo Financiero Galicia will post 3.52 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of GGAL. Victory Capital Management Inc. bought a new stake in shares of Grupo Financiero Galicia during the third quarter worth $107,000. Advisor Group Inc. grew its stake in shares of Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after buying an additional 1,674 shares during the last quarter. Private Advisory Group LLC bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth $266,000. LSV Asset Management grew its stake in shares of Grupo Financiero Galicia by 59.1% during the second quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock worth $298,000 after buying an additional 2,600 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth $344,000. 32.27% of the stock is currently owned by hedge funds and other institutional investors.

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Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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