Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded to “Buy” by StockNews.com

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Grupo Financiero Galicia Trading Up 0.6 %

Shares of NASDAQ:GGAL opened at $27.77 on Wednesday. The firm has a fifty day moving average price of $23.54 and a 200 day moving average price of $18.21. Grupo Financiero Galicia has a 1-year low of $10.57 and a 1-year high of $30.28.

Institutional Trading of Grupo Financiero Galicia

Hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $42,000. Barclays PLC acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth $69,000. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $86,000. Tower Research Capital LLC TRC lifted its stake in shares of Grupo Financiero Galicia by 865.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,158 shares of the bank’s stock worth $68,000 after acquiring an additional 5,520 shares during the period. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $116,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.