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

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

A number of other analysts have also recently weighed in on the stock. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target for the company in a report on Friday, August 30th. Finally, Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and upped their price target for the stock from $28.00 to $36.00 in a research report on Thursday, August 8th.

Grupo Financiero Galicia Trading Up 6.1 %

Shares of NASDAQ:GGAL traded up $3.15 during trading hours on Wednesday, reaching $54.94. The stock had a trading volume of 2,362,299 shares, compared to its average volume of 1,020,075. Grupo Financiero Galicia has a 1 year low of $11.48 and a 1 year high of $57.24. The firm’s 50 day moving average is $46.38 and its 200-day moving average is $37.08.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of institutional investors and hedge funds have recently bought and sold shares of GGAL. Banco Santander S.A. acquired a new position in shares of Grupo Financiero Galicia in the second quarter worth about $211,000. William Blair Investment Management LLC bought a new position in Grupo Financiero Galicia during the second quarter valued at approximately $8,573,000. Headlands Technologies LLC bought a new position in Grupo Financiero Galicia during the first quarter valued at approximately $67,000. Turim 21 Investimentos Ltda. bought a new position in Grupo Financiero Galicia during the second quarter valued at approximately $453,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Grupo Financiero Galicia in the second quarter valued at approximately $582,000.

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.