Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by investment analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

A number of other brokerages have also recently weighed in on GGAL. Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday. Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Tuesday, June 6th. Finally, BidaskClub cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Grupo Financiero Galicia presently has a consensus rating of “Hold” and a consensus target price of $44.50.

Grupo Financiero Galicia (NASDAQ GGAL) traded down 2.52% during midday trading on Friday, reaching $46.40. 173,293 shares of the company were exchanged. The firm’s 50-day moving average is $41.02 and its 200-day moving average is $40.11. Grupo Financiero Galicia has a one year low of $23.23 and a one year high of $48.00. The firm has a market cap of $6.03 billion, a P/E ratio of 15.55 and a beta of 1.27.

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Several institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Grupo Financiero Galicia by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after buying an additional 17 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after buying an additional 887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Grupo Financiero Galicia by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock worth $362,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Grupo Financiero Galicia by 126.5% in the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after buying an additional 1,674 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Grupo Financiero Galicia by 59.1% in the second quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock worth $298,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 25.79% of the company’s stock.

Grupo Financiero Galicia 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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