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

A number of other equities research analysts have also recently weighed in on GGAL. BidaskClub upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. UBS upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Monday, November 20th. Finally, Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold”.

Shares of Grupo Financiero Galicia (NASDAQ GGAL) traded up $2.73 on Thursday, hitting $62.36. 1,003,601 shares of the company’s stock were exchanged, compared to its average volume of 454,270. Grupo Financiero Galicia has a 1-year low of $23.23 and a 1-year high of $62.45. The firm has a market capitalization of $7,684.60, a PE ratio of 18.88 and a beta of 1.14.

Several hedge funds have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Grupo Financiero Galicia by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock valued at $121,000 after purchasing an additional 17 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after purchasing an additional 887 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Grupo Financiero Galicia by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock valued at $362,000 after purchasing an additional 1,200 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Grupo Financiero Galicia by 49.5% in the third quarter. Advisor Group Inc. now owns 4,482 shares of the bank’s stock valued at $231,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Grupo Financiero Galicia in the third quarter valued at approximately $107,000. Hedge funds and other institutional investors own 32.29% of the company’s stock.

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About Grupo Financiero Galicia

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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