Citigroup Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to “Neutral”

Grupo Financiero Galicia (NASDAQ:GGAL – Get Rating) was upgraded by equities researchers at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Grupo Financiero Galicia from a “c” rating to a “b-” rating in a report on Monday, September 26th. StockNews.com started coverage on Grupo Financiero Galicia in a report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.65.

Grupo Financiero Galicia Stock Performance

GGAL stock opened at $13.75 on Thursday. The stock has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $8.28. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. Grupo Financiero Galicia has a 1 year low of $5.75 and a 1 year high of $14.25.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently bought and sold shares of GGAL. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in Grupo Financiero Galicia during the second quarter worth about $101,000. Great West Life Assurance Co. Can grew its holdings in Grupo Financiero Galicia by 135.6% during the first quarter. Great West Life Assurance Co. Can now owns 10,730 shares of the bank’s stock worth $123,000 after purchasing an additional 6,176 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $148,000. Quantbot Technologies LP acquired a new stake in Grupo Financiero Galicia during the second quarter worth approximately $148,000. Finally, UBS Group AG lifted its position in Grupo Financiero Galicia by 28.4% during the first quarter. UBS Group AG now owns 14,314 shares of the bank’s stock worth $155,000 after acquiring an additional 3,167 shares during the last quarter. Institutional investors own 7.87% of the company’s stock.

Grupo Financiero Galicia Company Profile

(Get Rating)

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. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services.