Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.00.

Several equities research analysts have commented on GGAL shares. UBS AG upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday. BidaskClub downgraded Grupo Financiero Galicia from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Finally, Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th.

Grupo Financiero Galicia (GGAL) opened at 52.25 on Wednesday. Grupo Financiero Galicia has a 52 week low of $23.23 and a 52 week high of $52.40. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 17.43 and a beta of 1.24. The company’s 50-day moving average price is $46.40 and its 200-day moving average price is $42.05.

The business also recently disclosed an annual dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 27th will be given a dividend of $0.0005 per share. The ex-dividend date is Tuesday, September 26th.

Several hedge funds have recently bought and sold shares of GGAL. Gilder Gagnon Howe & Co. LLC increased its stake in Grupo Financiero Galicia by 0.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after purchasing an additional 17 shares during the period. Advisor Group Inc. increased its position in shares of Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after acquiring an additional 1,674 shares during the period. Bank of America Corp DE increased its position in shares of Grupo Financiero Galicia by 39.5% during the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after acquiring an additional 887 shares during the period. Marshall Wace LLP purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth $212,000. Finally, Private Advisory Group LLC purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth $266,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

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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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