Zacks Investment Research cut shares of Grupo Financiero Galicia SA (NASDAQ:GGAL) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “

Several other research firms have also issued reports on GGAL. Credit Suisse Group AG upgraded Grupo Financiero Galicia SA from a neutral rating to an outperform rating and increased their price objective for the stock from $31.00 to $35.00 in a research note on Friday, October 28th. Citigroup Inc. upgraded Grupo Financiero Galicia SA from a sell rating to a neutral rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Grupo Financiero Galicia SA currently has a consensus rating of Hold and a consensus target price of $32.50.

Analyst Recommendations for Grupo Financiero Galicia SA (NASDAQ:GGAL)

Grupo Financiero Galicia SA (NASDAQ:GGAL) traded up 1.80% on Friday, hitting $28.85. The stock had a trading volume of 12,039 shares. Grupo Financiero Galicia SA has a 52-week low of $22.77 and a 52-week high of $33.08. The company’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.

A number of institutional investors have recently bought and sold shares of GGAL. BlackRock Group LTD boosted its position in Grupo Financiero Galicia SA by 1.2% in the second quarter. BlackRock Group LTD now owns 759,718 shares of the company’s stock valued at $23,201,000 after buying an additional 8,896 shares in the last quarter. BlackRock Fund Advisors boosted its position in Grupo Financiero Galicia SA by 2.5% in the second quarter. BlackRock Fund Advisors now owns 418,096 shares of the company’s stock valued at $12,769,000 after buying an additional 10,374 shares in the last quarter. BlackRock Inc. boosted its position in Grupo Financiero Galicia SA by 2.3% in the second quarter. BlackRock Inc. now owns 111,691 shares of the company’s stock valued at $3,411,000 after buying an additional 2,549 shares in the last quarter. Schroder Investment Management Group boosted its position in Grupo Financiero Galicia SA by 18.8% in the second quarter. Schroder Investment Management Group now owns 3,233,672 shares of the company’s stock valued at $98,756,000 after buying an additional 512,193 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in Grupo Financiero Galicia SA by 42.2% in the second quarter. Global X Management Co. LLC now owns 120,995 shares of the company’s stock valued at $3,695,000 after buying an additional 35,915 shares in the last quarter. Institutional investors and hedge funds own 18.74% of the company’s stock.

Grupo Financiero Galicia SA 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).

5 Day Chart for NASDAQ:GGAL

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