StockNews.com Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to “Buy”

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

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

Grupo Financiero Galicia Price Performance

Shares of GGAL stock opened at $54.76 on Wednesday. Grupo Financiero Galicia has a 1 year low of $11.48 and a 1 year high of $57.24. The firm has a fifty day moving average price of $46.72 and a 200-day moving average price of $37.20.

Institutional Trading of Grupo Financiero Galicia

Several institutional investors have recently added to or reduced their stakes in GGAL. Beverly Hills Private Wealth LLC lifted its position in shares of Grupo Financiero Galicia by 5.2% during the second quarter. Beverly Hills Private Wealth LLC now owns 9,212 shares of the bank’s stock worth $282,000 after purchasing an additional 452 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Grupo Financiero Galicia by 4.5% during the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock worth $1,171,000 after acquiring an additional 1,202 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 stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $51,000. Finally, Headlands Technologies LLC bought a new position in Grupo Financiero Galicia in the first quarter worth approximately $67,000.

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.