Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 1-Year Low at $15.14

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares hit a new 52-week low during trading on Monday . The stock traded as low as $15.14 and last traded at $15.15, with a volume of 138998 shares traded. The stock had previously closed at $17.74.

Several research analysts have recently commented on the company. Scotiabank assumed coverage on Grupo Financiero Galicia in a report on Wednesday, August 7th. They issued an “underperform” rating and a $27.00 target price on the stock. Credit Suisse Group downgraded Grupo Financiero Galicia from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $22.00 in a report on Tuesday, August 13th. ValuEngine downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Monday, July 22nd. Morgan Stanley downgraded Grupo Financiero Galicia from an “overweight” rating to an “underweight” rating in a report on Monday, August 12th. Finally, Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Grupo Financiero Galicia has an average rating of “Hold” and an average target price of $27.25.

The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 4.16 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $33.15 and a 200 day moving average price of $29.60.

Large investors have recently bought and sold shares of the business. Northern Trust Corp lifted its stake in Grupo Financiero Galicia by 86.5% in the fourth quarter. Northern Trust Corp now owns 158,645 shares of the bank’s stock valued at $4,374,000 after buying an additional 73,598 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Grupo Financiero Galicia by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 43,422 shares of the bank’s stock valued at $1,197,000 after purchasing an additional 430 shares during the period. Bank of America Corp DE increased its holdings in shares of Grupo Financiero Galicia by 60.2% in the fourth quarter. Bank of America Corp DE now owns 6,665 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,504 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Grupo Financiero Galicia in the first quarter valued at approximately $1,154,000. Finally, Exane Derivatives increased its holdings in shares of Grupo Financiero Galicia by 13.2% in the first quarter. Exane Derivatives now owns 6,439 shares of the bank’s stock valued at $164,000 after purchasing an additional 753 shares during the period. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Financiero Galicia Company Profile (NASDAQ:GGAL)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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