Grupo Financiero Galicia (GGAL) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a strong sell rating to a sell rating in a research report report published on Thursday.

GGAL has been the topic of a number of other reports. TheStreet cut shares of Grupo Financiero Galicia from a b- rating to a c+ rating in a research note on Friday, August 24th. BidaskClub cut shares of Grupo Financiero Galicia from a sell rating to a strong sell rating in a research note on Tuesday, October 9th. 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. Citigroup cut shares of Grupo Financiero Galicia from a buy rating to a neutral rating in a research note on Thursday, August 30th. Finally, 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $87.00.

GGAL stock traded up $0.15 during mid-day trading on Thursday, reaching $26.82. The company had a trading volume of 1,153,600 shares, compared to its average volume of 922,119. 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 one year low of $18.30 and a one year high of $73.45.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Friday, August 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $483.52 million during the quarter, compared to the consensus estimate of $392.51 million. Equities analysts anticipate that Grupo Financiero Galicia will post 3.16 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of GGAL. UBS Group AG raised its stake in shares of Grupo Financiero Galicia by 50.1% during the first quarter. UBS Group AG now owns 9,742 shares of the bank’s stock valued at $641,000 after purchasing an additional 3,253 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Grupo Financiero Galicia by 62.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 6,900 shares of the bank’s stock worth $228,000 after acquiring an additional 2,651 shares during the period. Fred Alger Management Inc. grew its holdings in Grupo Financiero Galicia by 140.7% during the second quarter. Fred Alger Management Inc. now owns 134,116 shares of the bank’s stock worth $4,423,000 after acquiring an additional 78,401 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Grupo Financiero Galicia by 914.5% during the second quarter. BNP Paribas Arbitrage SA now owns 41,290 shares of the bank’s stock worth $1,362,000 after acquiring an additional 37,220 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in Grupo Financiero Galicia by 4.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 149,408 shares of the bank’s stock worth $4,928,000 after acquiring an additional 6,313 shares during the period. Institutional investors and hedge funds own 28.33% of the company’s stock.

Grupo Financiero Galicia Company Profile

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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