Wall Street Zen Downgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Sell

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $75.00 in a report on Tuesday, October 28th. The Goldman Sachs Group raised shares of Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Finally, HSBC started coverage on Grupo Financiero Galicia in a research note on Wednesday, October 1st. They set a “buy” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Grupo Financiero Galicia Stock Up 0.2%

Shares of NASDAQ:GGAL opened at $56.46 on Friday. The firm has a market cap of $8.33 billion, a PE ratio of 28.52 and a beta of 1.47. Grupo Financiero Galicia has a 12-month low of $25.89 and a 12-month high of $73.25. The company’s 50 day moving average price is $52.87 and its two-hundred day moving average price is $45.68.

Hedge Funds Weigh In On Grupo Financiero Galicia

Large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its position in shares of Grupo Financiero Galicia by 131.6% during the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank’s stock valued at $26,000 after buying an additional 533 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Grupo Financiero Galicia by 240.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock worth $61,000 after buying an additional 849 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Grupo Financiero Galicia by 4,942.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,076 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Grupo Financiero Galicia in the second quarter valued at about $151,000. Finally, Blue Trust Inc. raised its holdings in shares of Grupo Financiero Galicia by 184.7% in the 2nd quarter. Blue Trust Inc. now owns 3,528 shares of the bank’s stock worth $178,000 after purchasing an additional 2,289 shares during the period.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.