Grupo Financiero Galicia S.A. (NASDAQ:GGAL) reached a new 52-week low during trading on Monday . The company traded as low as $15.14 and last traded at $15.15, with a volume of 138998 shares traded. The stock had previously closed at $17.74.

GGAL has been the topic of a number of research reports. ValuEngine downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $20.00 in a research report on Wednesday, August 14th. Scotiabank started coverage on shares of Grupo Financiero Galicia in a research report on Wednesday, August 7th. They issued an “underperform” rating and a $27.00 target price on the stock. BidaskClub downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.25.

The firm’s 50-day moving average price is $32.32 and its two-hundred day moving average price is $29.39. The firm has a market capitalization of $2.53 billion, a PE ratio of 4.34 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 0.93 and a debt-to-equity ratio of 0.77.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Grupo Financiero Galicia in the second quarter valued at approximately $1,096,000. BNP Paribas Arbitrage SA lifted its stake in shares of Grupo Financiero Galicia by 86.0% in the second quarter. BNP Paribas Arbitrage SA now owns 193,066 shares of the bank’s stock worth $6,854,000 after buying an additional 89,254 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Grupo Financiero Galicia by 48.2% in the first quarter. TD Asset Management Inc. now owns 34,057 shares of the bank’s stock worth $869,000 after buying an additional 11,080 shares during the last quarter. Gulf International Bank UK Ltd acquired a new stake in shares of Grupo Financiero Galicia in the second quarter worth $614,000. Finally, USS Investment Management Ltd lifted its stake in shares of Grupo Financiero Galicia by 12.5% in the second quarter. USS Investment Management Ltd now owns 450,000 shares of the bank’s stock worth $15,977,000 after buying an additional 50,000 shares during the last quarter. 28.41% 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.

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