Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded at Wall Street Zen

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

A number of other analysts have also issued reports on GGAL. JPMorgan Chase & Co. increased their price target on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Wednesday. Finally, Zacks Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.33.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $49.97 on Friday. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.34 and a beta of 1.32. Grupo Financiero Galicia has a 1-year low of $25.89 and a 1-year high of $62.51. The company has a current ratio of 1.13, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $48.51.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Tuesday, May 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Grupo Financiero Galicia had a return on equity of 18.96% and a net margin of 7.13%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.70 billion. On average, sell-side analysts predict that Grupo Financiero Galicia will post 3.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Financiero Galicia

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth about $39,000. State of Wyoming bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $74,000. Leonteq Securities AG increased its holdings in Grupo Financiero Galicia by 563.2% in the first quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock worth $95,000 after buying an additional 1,729 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $58,000 after buying an additional 2,076 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia during the second quarter valued at approximately $151,000.

About Grupo Financiero Galicia

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.