Galicia Financial Group (NASDAQ:GGAL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Saturday.
A number of other research firms have also commented on GGAL. Zacks Investment Research raised shares of Galicia Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. UBS raised shares of Galicia Financial Group from a “hold” rating to a “buy” rating in a research note on Monday, March 12th. Finally, BidaskClub lowered shares of Galicia Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.00.
Get Galicia Financial Group alerts:NASDAQ:GGAL opened at $43.66 on Friday. Galicia Financial Group has a 52 week low of $36.09 and a 52 week high of $73.45.
Several large investors have recently bought and sold shares of GGAL. Victory Capital Management Inc. boosted its stake in shares of Galicia Financial Group by 60.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,341 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,265 shares during the last quarter. GRATRY & Co LLC bought a new stake in shares of Galicia Financial Group in the 4th quarter valued at $210,000. Barings LLC bought a new stake in shares of Galicia Financial Group in the 4th quarter valued at $1,219,000. Wells Fargo & Company MN boosted its stake in shares of Galicia Financial Group by 623,405.1% in the 4th quarter. Wells Fargo & Company MN now owns 243,167 shares of the bank’s stock valued at $16,013,000 after purchasing an additional 243,128 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Galicia Financial Group by 139.0% during the fourth quarter. Global X Management Co. LLC now owns 366,675 shares of the bank’s stock worth $24,146,000 after acquiring an additional 213,241 shares in the last quarter. 31.19% of the stock is currently owned by institutional investors.
About Galicia Financial Group
Grupo Financiero Galicia SA is a holding company, which engages in banking, insurance, and the issuance of certificates of deposit through its subsidiaries. Its other activities include intercompany e-commerce, custody services, securities-related representations, mandates, and commissions. The company was founded on September 14, 1999 and is headquartered in Buenos Aires, Argentina.
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