Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 12-Month High at $38.24

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Grupo Financiero Galicia S.A. (NASDAQ:GGAL) hit a new 52-week high during trading on Tuesday . The company traded as high as $38.24 and last traded at $38.06, with a volume of 12423 shares changing hands. The stock had previously closed at $37.49.

A number of equities research analysts recently commented on GGAL shares. ValuEngine lowered Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. set a €118.00 ($137.21) price target on Deutsche Boerse and gave the company a “neutral” rating in a report on Monday, April 29th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a report on Tuesday, July 2nd. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Grupo Financiero Galicia has a consensus rating of “Hold” and an average target price of $30.00.

The company has a market capitalization of $5.41 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.81. The stock’s fifty day moving average is $31.63. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at approximately $127,000. NumerixS Investment Technologies Inc acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $143,000. WINTON GROUP Ltd acquired a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $211,000. Exane Derivatives raised its stake in shares of Grupo Financiero Galicia by 13.2% during the 1st quarter. Exane Derivatives now owns 6,439 shares of the bank’s stock worth $164,000 after buying an additional 753 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Grupo Financiero Galicia by 60.2% during the 4th quarter. Bank of America Corp DE now owns 6,665 shares of the bank’s stock worth $184,000 after buying an additional 2,504 shares during the period. 25.65% of the stock is owned by institutional investors.

About Grupo Financiero Galicia (NASDAQ:GGAL)

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.

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