Grupo Financiero Galicia (NASDAQ:GGAL) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a report published on Wednesday morning.

Grupo Financiero Galicia Stock Up 1.5 %

Grupo Financiero Galicia stock opened at $28.46 on Wednesday. Grupo Financiero Galicia has a one year low of $10.57 and a one year high of $30.28. The business’s fifty day moving average is $24.05 and its 200 day moving average is $18.45.

Institutional Trading of Grupo Financiero Galicia

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in Grupo Financiero Galicia by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after purchasing an additional 3,116 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Financiero Galicia by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after buying an additional 161,684 shares during the last quarter. Dfpg Investments LLC grew its holdings in shares of Grupo Financiero Galicia by 49.8% in the fourth quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock worth $415,000 after acquiring an additional 8,224 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Grupo Financiero Galicia during the fourth quarter valued at $2,924,000. Finally, Aigen Investment Management LP bought a new position in Grupo Financiero Galicia in the third quarter valued at about $203,000.

About Grupo Financiero Galicia

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. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.