StockNews.com Downgrades Grupo Financiero Galicia (NASDAQ:GGAL) to Hold

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

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

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $56.29 on Thursday. Grupo Financiero Galicia has a 52-week low of $11.68 and a 52-week high of $57.55. The business’s 50 day moving average price is $48.41 and its two-hundred day moving average price is $38.22.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of institutional investors have recently made changes to their positions in GGAL. Blue Trust Inc. bought a new position in Grupo Financiero Galicia in the 2nd quarter worth $40,000. Ashton Thomas Private Wealth LLC bought a new position in Grupo Financiero Galicia in the second quarter worth about $51,000. Headlands Technologies LLC purchased a new stake in Grupo Financiero Galicia in the first quarter worth about $67,000. Banco Santander S.A. bought a new stake in Grupo Financiero Galicia during the 2nd quarter valued at approximately $211,000. Finally, NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth approximately $253,000.

About Grupo Financiero Galicia

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.