Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.
Several equities research analysts have recently commented on GGAL shares. TheStreet downgraded shares of Grupo Financiero Galicia from a “b-” rating to a “c+” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Citigroup cut shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Bank of America cut shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Finally, BidaskClub upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th.
Several hedge funds have recently made changes to their positions in GGAL. Artisan Partners Limited Partnership increased its holdings in shares of Grupo Financiero Galicia by 203.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,678,503 shares of the bank’s stock worth $55,357,000 after buying an additional 1,125,035 shares during the last quarter. FMR LLC boosted its position in Grupo Financiero Galicia by 831.3% during the 2nd quarter. FMR LLC now owns 640,138 shares of the bank’s stock valued at $21,112,000 after buying an additional 571,400 shares during the period. Brown Advisory Inc. purchased a new stake in Grupo Financiero Galicia during the 2nd quarter valued at $9,314,000. Schroder Investment Management Group boosted its position in Grupo Financiero Galicia by 23.6% during the 2nd quarter. Schroder Investment Management Group now owns 1,478,671 shares of the bank’s stock valued at $52,049,000 after buying an additional 282,015 shares during the period. Finally, Odey Asset Management Group Ltd boosted its position in Grupo Financiero Galicia by 166.4% during the 2nd quarter. Odey Asset Management Group Ltd now owns 346,283 shares of the bank’s stock valued at $11,420,000 after buying an additional 216,283 shares during the period. Institutional investors own 28.33% of the company’s stock.
Shares of NASDAQ:GGAL traded up $2.00 during mid-day trading on Monday, reaching $25.06. 17,293 shares of the company’s stock were exchanged, compared to its average volume of 1,133,335. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Grupo Financiero Galicia has a twelve month low of $18.30 and a twelve month high of $73.45.
Grupo Financiero Galicia (NASDAQ:GGAL) last issued its quarterly earnings results on Friday, August 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $483.52 million for the quarter, compared to analyst estimates of $392.51 million. As a group, equities analysts expect that Grupo Financiero Galicia will post 3.16 earnings per share for the current fiscal year.
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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