The Goldman Sachs Group Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Hold

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

Other research analysts have also recently issued reports about the stock. Hsbc Global Res raised shares of Grupo Financiero Galicia to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $75.00 in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Financiero Galicia in a report on Wednesday, October 8th. HSBC assumed coverage on Grupo Financiero Galicia in a research note on Wednesday, October 1st. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Zacks Research cut Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $55.19 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 29.05 and a beta of 1.58. The business has a 50-day simple moving average of $37.41 and a two-hundred day simple moving average of $47.40. Grupo Financiero Galicia has a fifty-two week low of $25.89 and a fifty-two week high of $74.00.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its holdings in Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares during the period. Blume Capital Management Inc. purchased a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at about $55,000. Advisors Preferred LLC grew its stake in shares of Grupo Financiero Galicia by 272.2% during the 1st quarter. Advisors Preferred LLC now owns 1,098 shares of the bank’s stock valued at $61,000 after acquiring an additional 803 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock valued at $61,000 after acquiring an additional 849 shares during the period. Finally, Acuitas Investments LLC purchased a new stake in Grupo Financiero Galicia in the 3rd quarter worth approximately $110,000.

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.