Grupo Financiero Galicia SA (GGAL) Raised to Neutral at Citigroup Inc.
Citigroup Inc. upgraded shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) from a sell rating to a neutral rating in a research report report published on Monday.
Several hedge funds recently made changes to their positions in GGAL. Geode Capital Management LLC increased its stake in shares of Grupo Financiero Galicia SA by 9.3% in the first quarter. Geode Capital Management LLC now owns 17,750 shares of the company’s stock worth $502,000 after buying an additional 1,516 shares during the last quarter. JPMorgan Chase & Co. increased its position in Grupo Financiero Galicia SA by 32.3% in the first quarter. JPMorgan Chase & Co. now owns 7,937 shares of the company’s stock worth $225,000 after buying an additional 1,937 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Grupo Financiero Galicia SA during the first quarter worth about $103,000. Investec Asset Management LTD increased its position in Grupo Financiero Galicia SA by 13.3% in the first quarter. Investec Asset Management LTD now owns 35,125 shares of the company’s stock worth $994,000 after buying an additional 4,125 shares during the last quarter. Finally, BlackRock Inc. increased its position in Grupo Financiero Galicia SA by 7.8% in the first quarter. BlackRock Inc. now owns 109,142 shares of the company’s stock worth $3,089,000 after buying an additional 7,863 shares during the last quarter.
Shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) opened at 30.94 on Monday. Grupo Financiero Galicia SA has a 12-month low of $16.62 and a 12-month high of $33.08. The company has a market cap of $4.02 billion and a price-to-earnings ratio of 11.49. The company’s 50-day moving average is $30.14 and its 200-day moving average is $29.17.
A number of other analysts have also weighed in on GGAL. Goldman Sachs Group Inc. began coverage on shares of Grupo Financiero Galicia SA in a research note on Wednesday, April 27th. They set a neutral rating for the company. Zacks Investment Research upgraded shares of Grupo Financiero Galicia SA from a sell rating to a hold rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Grupo Financiero Galicia SA presently has a consensus rating of Hold and a consensus price target of $32.00.
Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.
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