Grupo Financiero Galicia (NASDAQ:GGAL) Downgraded by Wall Street Zen to “Sell”

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

Several other research firms have also issued reports on GGAL. UBS Group initiated coverage on shares of Grupo Financiero Galicia in a research note on Wednesday, November 19th. They set a “hold” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $75.00 in a research report on Tuesday, October 28th. The Goldman Sachs Group upgraded Grupo Financiero Galicia to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research note on Monday, December 29th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $49.37 on Friday. The company has a market capitalization of $7.28 billion, a PE ratio of 24.93 and a beta of 1.44. The company’s fifty day moving average price is $52.81 and its 200 day moving average price is $46.18. Grupo Financiero Galicia has a 1 year low of $25.89 and a 1 year high of $67.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RWC Asset Advisors US LLC lifted its holdings in Grupo Financiero Galicia by 848.1% in the 3rd quarter. RWC Asset Advisors US LLC now owns 1,540,187 shares of the bank’s stock valued at $42,448,000 after purchasing an additional 1,377,735 shares in the last quarter. TT International Asset Management LTD purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $47,035,000. Aquamarine Financial Cayman Ltd boosted its position in Grupo Financiero Galicia by 57.9% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 2,092,309 shares of the bank’s stock worth $113,133,000 after acquiring an additional 767,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Grupo Financiero Galicia by 52.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,465 shares of the bank’s stock valued at $97,629,000 after acquiring an additional 664,533 shares in the last quarter. Finally, RWC Asset Management LLP raised its holdings in Grupo Financiero Galicia by 240.3% in the 3rd quarter. RWC Asset Management LLP now owns 826,175 shares of the bank’s stock valued at $22,769,000 after acquiring an additional 583,403 shares during the last quarter.

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.