Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares were up 10.4% during trading on Monday . The company traded as high as $23.89 and last traded at $23.63. Approximately 2,631,106 shares traded hands during mid-day trading, an increase of 222% from the average daily volume of 817,123 shares. The stock had previously closed at $21.40.

A number of research analysts recently commented on GGAL shares. UBS Group raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Friday, May 25th. TheStreet cut Grupo Financiero Galicia from a “b-” rating to a “c+” rating in a research note on Friday, August 24th. ValuEngine raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research raised Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Citigroup cut Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.00.

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.17 and a quick ratio of 1.19.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings results on Friday, August 17th. The bank reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $483.52 million during the quarter, compared to the consensus estimate of $392.51 million. research analysts expect that Grupo Financiero Galicia S.A. will post 3.51 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in GGAL. Wells Fargo & Company MN grew its stake in shares of Grupo Financiero Galicia by 53.4% during the first quarter. Wells Fargo & Company MN now owns 373,104 shares of the bank’s stock valued at $24,535,000 after buying an additional 129,937 shares during the last quarter. LSV Asset Management grew its stake in shares of Grupo Financiero Galicia by 270.0% during the first quarter. LSV Asset Management now owns 33,300 shares of the bank’s stock valued at $2,189,000 after buying an additional 24,300 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Grupo Financiero Galicia during the first quarter valued at about $207,000. State of New Jersey Common Pension Fund D grew its stake in shares of Grupo Financiero Galicia by 37.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 143,095 shares of the bank’s stock valued at $9,410,000 after buying an additional 39,118 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in shares of Grupo Financiero Galicia by 39.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 274,500 shares of the bank’s stock valued at $18,052,000 after buying an additional 77,700 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Financiero Galicia (NASDAQ:GGAL)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

Further Reading: Intrinsic Value and Stock Selection

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