Grupo Financiero Galicia (NASDAQ:GGAL) Shares Gap Up – Time to Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $57.78, but opened at $59.54. Grupo Financiero Galicia shares last traded at $59.00, with a volume of 264,710 shares traded.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Trading Down 1.1 %

The company has a market cap of $8.23 billion, a PE ratio of 8.22 and a beta of 1.85. The stock has a 50 day moving average price of $60.58 and a 200 day moving average price of $57.24. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Grupo Financiero Galicia

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $27,000. CIBC Private Wealth Group LLC bought a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at approximately $34,000. Compass Group LLC purchased a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $67,000. GeoWealth Management LLC bought a new position in Grupo Financiero Galicia in the 4th quarter worth $71,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after acquiring an additional 624 shares during the period.

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.