Grupo Financiero Galicia (NASDAQ:GGAL) Reaches New 12-Month High – What’s Next?

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) hit a new 52-week high on Friday . The stock traded as high as $70.99 and last traded at $68.98, with a volume of 127989 shares traded. The stock had previously closed at $68.80.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GGAL shares. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target on the stock in a research note on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Trading Up 1.9 %

The company’s 50 day moving average price is $58.76 and its two-hundred day moving average price is $44.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia during the second quarter worth $51,000. NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $253,000. XTX Topco Ltd acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at about $266,000. Quadrature Capital Ltd purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at about $278,000. Finally, X Square Capital LLC acquired a new stake in Grupo Financiero Galicia during the third quarter worth about $316,000.

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.