Citigroup Inc. upgraded shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) from a sell rating to a neutral rating in a research note published on Friday, Marketbeat Ratings reports.

GGAL has been the subject of a number of other research reports. BidaskClub cut Grupo Financiero Galicia from a strong-buy rating to a buy rating in a research note on Friday, June 9th. Zacks Investment Research cut Grupo Financiero Galicia from a strong-buy rating to a hold rating in a research note on Monday, May 22nd. Finally, Santander cut Grupo Financiero Galicia from a hold rating to an underperform rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $44.50.

Grupo Financiero Galicia (GGAL) opened at 45.13 on Friday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 15.13 and a beta of 1.27. The company has a 50 day moving average of $41.31 and a 200 day moving average of $40.28. Grupo Financiero Galicia has a 12 month low of $23.23 and a 12 month high of $48.00.

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Several institutional investors have recently added to or reduced their stakes in GGAL. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Grupo Financiero Galicia during the first quarter worth approximately $107,000. Bank of America Corp DE raised its stake in shares of Grupo Financiero Galicia by 39.5% during the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after purchasing an additional 887 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after purchasing an additional 1,674 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth approximately $212,000. Finally, Private Advisory Group LLC purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth approximately $266,000. Institutional investors and hedge funds own 25.79% of the company’s stock.

Grupo Financiero Galicia 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).

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