Grupo Financiero Galicia (NASDAQ:GGAL) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Grupo Financiero Galicia's stock received a "hold (C)" rating from Weiss Ratings, maintaining its position amidst various rating changes from other brokerages.
• The stock has a market capitalization of $4.18 billion and has fluctuated between a 52-week low of $25.89 and a high of $74.00.
• Several institutional investors increased their stakes in Grupo Financiero Galicia, indicating ongoing interest despite recent downgrades from some analysts.

Grupo Financiero Galicia (NASDAQ:GGAL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on GGAL. Citigroup downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. Hsbc Global Res upgraded Grupo Financiero Galicia to a "strong-buy" rating in a research report on Wednesday, October 1st. Wall Street Zen lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Zacks Research cut Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. Finally, HSBC assumed coverage on shares of Grupo Financiero Galicia in a research note on Wednesday, October 1st. They issued a "buy" rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL stock opened at $28.36 on Wednesday. The stock's fifty day moving average is $38.41 and its 200-day moving average is $49.47. The stock has a market capitalization of $4.18 billion, a PE ratio of 4.18 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. Grupo Financiero Galicia has a 52 week low of $25.89 and a 52 week high of $74.00.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in Grupo Financiero Galicia by 1.9% during the second quarter. Cetera Investment Advisers now owns 11,824 shares of the bank's stock worth $596,000 after acquiring an additional 226 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Grupo Financiero Galicia by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,022 shares of the bank's stock valued at $165,000 after acquiring an additional 304 shares during the period. Geode Capital Management LLC raised its stake in Grupo Financiero Galicia by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank's stock worth $2,748,000 after purchasing an additional 362 shares in the last quarter. Rokos Capital Management LLP grew its position in Grupo Financiero Galicia by 0.4% during the second quarter. Rokos Capital Management LLP now owns 110,167 shares of the bank's stock worth $5,549,000 after buying an additional 408 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Grupo Financiero Galicia by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 30,890 shares of the bank's stock valued at $1,683,000 after acquiring an additional 483 shares during the period.

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.

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