Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $28.72 and last traded at $27.73, with a volume of 1582926 shares trading hands. The stock had previously closed at $27.36.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd.
Get Our Latest Analysis on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Up 1.3 %
The stock has a fifty day moving average of $22.80 and a 200 day moving average of $17.69.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GGAL. INCA Investments LLC raised its holdings in shares of Grupo Financiero Galicia by 33.8% during the 1st quarter. INCA Investments LLC now owns 3,086,245 shares of the bank's stock worth $33,331,000 after acquiring an additional 779,545 shares in the last quarter. Morgan Stanley raised its holdings in Grupo Financiero Galicia by 318.7% during the 4th quarter. Morgan Stanley now owns 628,672 shares of the bank's stock valued at $6,117,000 after buying an additional 478,516 shares during the period. Verition Fund Management LLC purchased a new stake in Grupo Financiero Galicia during the 1st quarter valued at $4,323,000. Banque Pictet & Cie SA purchased a new stake in Grupo Financiero Galicia during the 3rd quarter valued at $4,706,000. Finally, Eaton Vance Management purchased a new stake in Grupo Financiero Galicia during the 1st quarter valued at $3,452,000.
About Grupo Financiero Galicia
(
Get Free Report)
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.
Featured Articles
Before you consider Grupo Financiero Galicia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Galicia wasn't on the list.
While Grupo Financiero Galicia currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
