StockNews.com Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Buy

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Grupo Financiero Galicia Stock Down 3.4 %

Shares of NASDAQ:GGAL opened at $30.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. Grupo Financiero Galicia has a 1 year low of $10.57 and a 1 year high of $37.83. The business has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $25.62.

Institutional Trading of Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently modified their holdings of GGAL. INCA Investments LLC increased its position in Grupo Financiero Galicia by 27.6% during the first quarter. INCA Investments LLC now owns 1,078,149 shares of the bank’s stock worth $27,407,000 after buying an additional 232,980 shares during the last quarter. Rokos Capital Management LLP increased its position in Grupo Financiero Galicia by 58.7% during the first quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank’s stock worth $14,559,000 after buying an additional 211,870 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Financiero Galicia by 62.2% during the fourth 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. Banque Pictet & Cie SA acquired a new position in Grupo Financiero Galicia during the third quarter worth $4,706,000. Finally, BNP Paribas Financial Markets increased its position in Grupo Financiero Galicia by 266.5% during the first quarter. BNP Paribas Financial Markets now owns 338,939 shares of the bank’s stock worth $8,616,000 after buying an additional 246,452 shares during the last quarter.

Grupo Financiero Galicia Company Profile

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.