Grupo Financiero Galicia SA (GGAL) Sees Large Volume Increase
Grupo Financiero Galicia SA (NASDAQ:GGAL) shares saw strong trading volume on Tuesday . 263,668 shares traded hands during mid-day trading, an increase of 26% from the previous session’s volume of 209,743 shares.The stock last traded at $28.61 and had previously closed at $28.73.
A number of research analysts have commented on the company. Zacks Investment Research raised Grupo Financiero Galicia SA from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, August 31st. Citigroup Inc. raised Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.75.
The firm’s 50 day moving average price is $29.63 and its 200-day moving average price is $29.32. The company has a market capitalization of $3.71 billion, a PE ratio of 10.80 and a beta of 1.67.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. bought a new position in Grupo Financiero Galicia SA during the first quarter worth $103,000. Exane Derivatives raised its stake in shares of Grupo Financiero Galicia SA by 21.5% in the second quarter. Exane Derivatives now owns 5,022 shares of the company’s stock worth $153,000 after buying an additional 888 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Grupo Financiero Galicia SA during the second quarter worth approximately $375,000. TD Asset Management Inc. acquired a new stake in shares of Grupo Financiero Galicia SA during the second quarter worth approximately $379,000. Finally, Barclays PLC acquired a new stake in shares of Grupo Financiero Galicia SA during the second quarter worth approximately $411,000. Institutional investors own 17.97% of the company’s stock.
Grupo Financiero Galicia SA Company Profile
Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).
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