Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Rating) traded up 3.4% during mid-day trading on Monday . The company traded as high as $7.99 and last traded at $7.94. 4,042 shares traded hands during trading, a decline of 99% from the average session volume of 585,265 shares. The stock had previously closed at $7.68.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TheStreet raised shares of Grupo Financiero Galicia from a "c" rating to a "b-" rating in a research report on Monday, September 26th. StockNews.com initiated coverage on shares of Grupo Financiero Galicia in a research report on Wednesday, October 12th. They set a "hold" rating on the stock.

Grupo Financiero Galicia Trading Up 2.6 %

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 3.02 and a beta of 1.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50 day moving average price is $7.65 and its 200-day moving average price is $7.74.

Grupo Financiero Galicia Cuts Dividend

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently made changes to their positions in GGAL. CWA Asset Management Group LLC boosted its stake in shares of Grupo Financiero Galicia by 5.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 31,027 shares of the bank's stock valued at $231,000 after purchasing an additional 1,494 shares during the last quarter. State Street Corp boosted its stake in shares of Grupo Financiero Galicia by 3.8% in the 1st quarter. State Street Corp now owns 45,870 shares of the bank's stock valued at $495,000 after purchasing an additional 1,690 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Grupo Financiero Galicia by 7.0% in the 3rd quarter. First Trust Advisors LP now owns 28,167 shares of the bank's stock valued at $210,000 after purchasing an additional 1,837 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Grupo Financiero Galicia by 16.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 13,475 shares of the bank's stock valued at $145,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Grupo Financiero Galicia by 8.0% in the 1st quarter. Invesco Ltd. now owns 41,478 shares of the bank's stock valued at $448,000 after purchasing an additional 3,084 shares during the last quarter. Institutional investors and hedge funds own 7.29% of the company's stock.

About Grupo Financiero Galicia

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Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services.

Read More

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