Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

GGAL has been the topic of several research reports. Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, January 4th. ValuEngine raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Bank of America lowered Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th.

Grupo Financiero Galicia stock opened at $32.49 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Grupo Financiero Galicia has a fifty-two week low of $18.30 and a fifty-two week high of $73.45.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Wednesday, November 28th. The bank reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.36. The firm had revenue of $401.18 million during the quarter, compared to analyst estimates of $415.61 million. Analysts anticipate that Grupo Financiero Galicia will post 3.03 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Schroder Investment Management Group boosted its stake in shares of Grupo Financiero Galicia by 21.2% during the third quarter. Schroder Investment Management Group now owns 1,791,505 shares of the bank’s stock valued at $45,558,000 after acquiring an additional 312,834 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Grupo Financiero Galicia by 29.4% during the third quarter. Alliancebernstein L.P. now owns 1,723,188 shares of the bank’s stock valued at $43,821,000 after acquiring an additional 391,320 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Grupo Financiero Galicia by 50.4% during the third quarter. BlackRock Inc. now owns 1,649,781 shares of the bank’s stock valued at $41,953,000 after acquiring an additional 552,907 shares during the last quarter. MARSHALL WACE ASIA Ltd boosted its stake in shares of Grupo Financiero Galicia by 10.0% during the third quarter. MARSHALL WACE ASIA Ltd now owns 1,090,815 shares of the bank’s stock valued at $27,740,000 after acquiring an additional 98,950 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Grupo Financiero Galicia during the third quarter valued at $25,409,000. 22.84% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Financiero Galicia

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.

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