Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

GGAL has been the topic of several other reports. TheStreet lowered Grupo Financiero Galicia from a “b-” rating to a “c+” rating in a report on Friday, August 24th. Bank of America lowered Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. Zacks Investment Research lowered Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. ValuEngine upgraded Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Citigroup lowered Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Grupo Financiero Galicia currently has an average rating of “Hold” and an average target price of $87.00.

NASDAQ GGAL traded down $1.00 during trading on Tuesday, hitting $23.18. 710,800 shares of the company traded hands, compared to its average volume of 911,561. Grupo Financiero Galicia has a 12 month low of $18.30 and a 12 month high of $73.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 1.20.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Friday, August 17th. The bank reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $483.52 million for the quarter, compared to the consensus estimate of $392.51 million. On average, equities research analysts expect that Grupo Financiero Galicia will post 3.16 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in shares of Grupo Financiero Galicia by 21.2% in the third quarter. Schroder Investment Management Group now owns 1,791,505 shares of the bank’s stock worth $45,558,000 after purchasing an additional 312,834 shares during the period. Alliancebernstein L.P. increased its stake in shares of Grupo Financiero Galicia by 29.4% in the third quarter. Alliancebernstein L.P. now owns 1,723,188 shares of the bank’s stock worth $43,821,000 after purchasing an additional 391,320 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Grupo Financiero Galicia by 203.3% in the second quarter. Artisan Partners Limited Partnership now owns 1,678,503 shares of the bank’s stock worth $55,357,000 after purchasing an additional 1,125,035 shares during the period. BlackRock Inc. increased its stake in shares of Grupo Financiero Galicia by 50.4% in the third quarter. BlackRock Inc. now owns 1,649,781 shares of the bank’s stock worth $41,953,000 after purchasing an additional 552,907 shares during the period. Finally, Baillie Gifford & Co. bought a new position in shares of Grupo Financiero Galicia in the third quarter worth about $25,409,000. Institutional investors and hedge funds own 28.16% of the company’s stock.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

Featured Article: Outstanding Shares

Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with MarketBeat.com's FREE daily email newsletter.