Grupo Financiero Galicia SA (NASDAQ:GGAL) has received an average rating of “Hold” from the six analysts that are covering the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.67.

A number of equities research analysts have commented on GGAL shares. Credit Suisse Group AG upgraded Grupo Financiero Galicia SA from a “neutral” rating to an “outperform” rating and increased their price target for the company from $31.00 to $35.00 in a research note on Friday, October 28th. Zacks Investment Research upgraded Grupo Financiero Galicia SA from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, November 17th. Finally, Citigroup Inc. upgraded Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research note on Monday, August 22nd.

Grupo Financiero Galicia SA (NASDAQ:GGAL) opened at 28.69 on Tuesday. The company’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00. Grupo Financiero Galicia SA has a 52 week low of $22.77 and a 52 week high of $33.08.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Grupo Financiero Galicia SA by 12.5% in the first quarter. Wellington Management Group LLP now owns 944,297 shares of the company’s stock valued at $26,723,000 after buying an additional 104,813 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Grupo Financiero Galicia SA by 49.1% in the second quarter. James Investment Research Inc. now owns 26,200 shares of the company’s stock valued at $800,000 after buying an additional 8,625 shares during the last quarter. UBS Group AG purchased a new position in shares of Grupo Financiero Galicia SA during the first quarter valued at about $665,000. Exane Derivatives boosted its position in shares of Grupo Financiero Galicia SA by 21.5% in the second quarter. Exane Derivatives now owns 5,022 shares of the company’s stock valued at $153,000 after buying an additional 888 shares during the last quarter. Finally, Bienville Capital Management LLC boosted its position in shares of Grupo Financiero Galicia SA by 9.8% in the second quarter. Bienville Capital Management LLC now owns 1,023,139 shares of the company’s stock valued at $31,247,000 after buying an additional 91,082 shares during the last quarter. Hedge funds and other institutional investors own 18.74% of the company’s stock.

About Grupo Financiero Galicia SA

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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