Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was downgraded by equities researchers at Santander from a “hold” rating to an “underperform” rating in a research note issued on Friday.

Several other analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. cut shares of Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.50.

Shares of Grupo Financiero Galicia (GGAL) traded down 2.33% on Friday, reaching $46.49. 162,888 shares of the company were exchanged. Grupo Financiero Galicia has a 12-month low of $23.23 and a 12-month high of $48.00. The stock has a market capitalization of $6.04 billion, a PE ratio of 15.58 and a beta of 1.27. The firm has a 50 day moving average price of $41.02 and a 200-day moving average price of $40.11.

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Several large investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Grupo Financiero Galicia by 0.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after buying an additional 17 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Grupo Financiero Galicia by 39.5% in the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after buying an additional 887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Grupo Financiero Galicia by 16.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock worth $362,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Grupo Financiero Galicia by 126.5% in the 2nd 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. Finally, LSV Asset Management increased its holdings in shares of Grupo Financiero Galicia by 59.1% in the 2nd 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. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Financiero Galicia

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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