Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,090,000 shares, a decline of 17.7% from the August 15th total of 4,970,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.4% of the shares of the company are sold short.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $45.14 on Wednesday. Grupo Financiero Galicia has a 1 year low of $10.57 and a 1 year high of $46.93. The firm has a fifty day moving average price of $33.90 and a 200-day moving average price of $31.45.

Grupo Financiero Galicia Increases Dividend

The firm also recently declared a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were issued a dividend of $0.7248 per share. The ex-dividend date of this dividend was Monday, August 19th. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several large investors have recently made changes to their positions in GGAL. Beverly Hills Private Wealth LLC raised its stake in Grupo Financiero Galicia by 5.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 9,212 shares of the bank’s stock valued at $282,000 after purchasing an additional 452 shares during the period. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Grupo Financiero Galicia in the second quarter worth $51,000. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia during the first quarter worth $67,000. Finally, Banco Santander S.A. purchased a new position in Grupo Financiero Galicia during the second quarter valued at $211,000.

Analysts Set New Price Targets

GGAL has been the subject of a number of research reports. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a report on Friday, August 30th. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and boosted their price target for the company from $28.00 to $36.00 in a report on Thursday, August 8th. Finally, StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

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.