Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Given Consensus Recommendation of "Buy" by Brokerages

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) has been assigned a consensus rating of "Buy" from the five brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $61.20.

A number of equities analysts recently weighed in on GGAL shares. StockNews.com lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Itau BBA Securities began coverage on Grupo Financiero Galicia in a report on Tuesday. They set an "outperform" rating and a $70.00 target price on the stock.

Grupo Financiero Galicia Stock Performance

GGAL opened at $63.70 on Tuesday. The firm has a market cap of $9.39 billion, a P/E ratio of 9.38 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day simple moving average of $57.71 and a two-hundred day simple moving average of $60.16. Grupo Financiero Galicia has a 1-year low of $23.53 and a 1-year high of $74.00.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several large investors have recently made changes to their positions in the stock. PointState Capital LP lifted its stake in Grupo Financiero Galicia by 160.5% during the 1st quarter. PointState Capital LP now owns 1,504,157 shares of the bank's stock worth $81,931,000 after acquiring an additional 926,820 shares in the last quarter. NWI Management LP lifted its stake in Grupo Financiero Galicia by 254.9% during the 1st quarter. NWI Management LP now owns 99,312 shares of the bank's stock worth $5,410,000 after acquiring an additional 71,325 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Grupo Financiero Galicia by 149.5% during the 1st quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank's stock worth $490,000 after acquiring an additional 5,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Grupo Financiero Galicia by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,272,932 shares of the bank's stock worth $69,337,000 after buying an additional 49,994 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in Grupo Financiero Galicia by 112.3% during the 1st quarter. Itau Unibanco Holding S.A. now owns 469,272 shares of the bank's stock worth $24,624,000 after buying an additional 248,268 shares in the last quarter.

About Grupo Financiero Galicia

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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