Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Lowered by Zacks Research

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on GGAL. Weiss Ratings restated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a report on Monday, December 29th. The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $75.00 in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $66.25.

Grupo Financiero Galicia Trading Down 0.7%

Shares of GGAL stock traded down $0.36 during trading hours on Monday, reaching $51.14. 423,252 shares of the stock were exchanged, compared to its average volume of 1,160,443. The company’s 50-day moving average price is $52.77 and its 200-day moving average price is $46.14. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 25.84 and a beta of 1.44. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $66.24.

Institutional Trading of Grupo Financiero Galicia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Havemeyer Place LP purchased a new position in Grupo Financiero Galicia during the fourth quarter worth about $562,000. State of Wyoming purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth $74,000. Cibc World Market Inc. acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $241,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $1,680,000. Finally, Hantz Financial Services Inc. raised its position in Grupo Financiero Galicia by 247.3% in the 4th quarter. Hantz Financial Services Inc. now owns 3,258 shares of the bank’s stock valued at $176,000 after purchasing an additional 2,320 shares during the last quarter.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.