Grupo Financiero Galicia (GGAL) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a strong sell rating to a sell rating in a research note released on Tuesday morning.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a hold rating to a strong sell rating in a research report on Wednesday, September 5th. Citigroup downgraded shares of Grupo Financiero Galicia from a buy rating to a neutral rating in a research report on Thursday, August 30th. TheStreet downgraded shares of Grupo Financiero Galicia from a b- rating to a c+ rating in a research report on Friday, August 24th. ValuEngine downgraded shares of Grupo Financiero Galicia from a sell rating to a strong sell rating in a research report on Monday, August 20th. Finally, Bank of America downgraded shares of Grupo Financiero Galicia from a buy rating to a neutral rating in a research report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $87.00.

Grupo Financiero Galicia stock opened at $25.26 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Grupo Financiero Galicia has a 1 year low of $18.30 and a 1 year high of $73.45.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Friday, August 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business had revenue of $483.52 million during the quarter, compared to the consensus estimate of $392.51 million. As a group, sell-side analysts anticipate that Grupo Financiero Galicia will post 3.16 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its position in Grupo Financiero Galicia by 50.1% in the 1st 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 during the last quarter. NN Investment Partners Holdings N.V. lifted its position in Grupo Financiero Galicia by 62.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 6,900 shares of the bank’s stock valued at $228,000 after purchasing an additional 2,651 shares during the last quarter. Fred Alger Management Inc. lifted its position in Grupo Financiero Galicia by 140.7% in the 2nd quarter. Fred Alger Management Inc. now owns 134,116 shares of the bank’s stock valued at $4,423,000 after purchasing an additional 78,401 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Grupo Financiero Galicia by 914.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,290 shares of the bank’s stock valued at $1,362,000 after purchasing an additional 37,220 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Grupo Financiero Galicia by 4.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 149,408 shares of the bank’s stock valued at $4,928,000 after purchasing an additional 6,313 shares during the last quarter. Institutional investors own 28.44% 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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