Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company.

GGAL has been the topic of several recent analyst reports. BidaskClub upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Santander lowered Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Citigroup upgraded Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. UBS upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Monday, November 20th.

Grupo Financiero Galicia (NASDAQ GGAL) opened at $62.36 on Friday. Grupo Financiero Galicia has a 52 week low of $23.23 and a 52 week high of $62.45. The stock has a market capitalization of $7,140.00, a price-to-earnings ratio of 18.88 and a beta of 1.14.

A number of hedge funds have recently modified their holdings of the stock. Capital World Investors grew its position in Grupo Financiero Galicia by 73.3% during the 2nd quarter. Capital World Investors now owns 6,850,359 shares of the bank’s stock worth $292,099,000 after acquiring an additional 2,898,597 shares during the last quarter. PointState Capital LP grew its position in Grupo Financiero Galicia by 10.2% during the 2nd quarter. PointState Capital LP now owns 2,428,391 shares of the bank’s stock worth $103,547,000 after acquiring an additional 225,500 shares during the last quarter. Capital Research Global Investors grew its position in Grupo Financiero Galicia by 0.3% during the 2nd quarter. Capital Research Global Investors now owns 2,173,622 shares of the bank’s stock worth $92,683,000 after acquiring an additional 6,266 shares during the last quarter. Third Point LLC bought a new stake in Grupo Financiero Galicia during the 3rd quarter worth $86,330,000. Finally, USS Investment Management Ltd grew its position in Grupo Financiero Galicia by 31.5% during the 3rd quarter. USS Investment Management Ltd now owns 814,070 shares of the bank’s stock worth $41,957,000 after acquiring an additional 195,000 shares during the last quarter. Institutional investors and hedge funds own 32.29% 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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