Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares hit a new 52-week high on Monday . The stock traded as high as $57.26 and last traded at $57.11, with a volume of 791,545 shares traded. The stock had previously closed at $53.97.

Several research analysts recently weighed in on GGAL shares. BidaskClub downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. UBS AG upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Citigroup Inc. upgraded Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Santander downgraded Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 19.06 and a beta of 1.24. The firm’s 50 day moving average is $50.10 and its 200-day moving average is $43.46.

The company also recently announced an annual dividend, which was paid on Friday, October 6th. Stockholders of record on Wednesday, September 27th were given a dividend of $0.0005 per share. The ex-dividend date was Tuesday, September 26th.

Several institutional investors and hedge funds have recently bought and sold shares of GGAL. Bank of America Corp DE increased its position 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 in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Grupo Financiero Galicia by 0.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after purchasing an additional 17 shares in the last quarter. Advisor Group Inc. increased its position 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Grupo Financiero Galicia during the second quarter worth about $212,000. Finally, Private Advisory Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the second quarter worth about $266,000. Institutional investors and hedge funds own 25.75% of the company’s stock.

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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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