Grupo Financiero Galicia (NASDAQ:GGAL) Shares Gap Up – What’s Next?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $56.82, but opened at $58.41. Grupo Financiero Galicia shares last traded at $58.08, with a volume of 59,014 shares traded.

Analyst Ratings Changes

GGAL has been the topic of a number of research reports. Morgan Stanley upgraded 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 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 8.49 and a beta of 1.85. The stock’s 50-day moving average is $64.09 and its 200 day moving average is $55.37.

Institutional Trading of Grupo Financiero Galicia

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Grupo Financiero Galicia by 267.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after buying an additional 67,312 shares during the period. SMART Wealth LLC purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $295,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $686,000. Deltec Asset Management LLC purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $262,000. Finally, Nkcfo LLC purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $312,000.

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.