Grupo Financiero Galicia (NASDAQ:GGAL) Rating Lowered to Hold at StockNews.com

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

A number of other research firms also recently weighed in on GGAL. Bank of America upgraded Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their price target for the company from $28.00 to $36.00 in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a research note on Friday, August 30th. Finally, Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, September 4th.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $52.72 on Monday. The business has a 50-day moving average of $44.55 and a 200-day moving average of $36.21. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 7.44 and a beta of 1.93. Grupo Financiero Galicia has a fifty-two week low of $10.76 and a fifty-two week high of $55.61.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were paid a $0.7248 dividend. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th. Grupo Financiero Galicia’s dividend payout ratio is currently 33.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. acquired a new stake in Grupo Financiero Galicia during the 2nd quarter valued at $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $51,000. Headlands Technologies LLC bought a new stake in shares of Grupo Financiero Galicia during the 1st quarter worth about $67,000. Banco Santander S.A. acquired a new position in Grupo Financiero Galicia in the 2nd quarter valued at about $211,000. Finally, Claro Advisors LLC bought a new position in Grupo Financiero Galicia in the 1st quarter valued at about $235,000.

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.