Grupo Financiero Galicia (NASDAQ:GGAL) Share Price Crosses Above Two Hundred Day Moving Average of $25.47

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.47 and traded as high as $31.79. Grupo Financiero Galicia shares last traded at $31.64, with a volume of 1,600,377 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Friday.

Grupo Financiero Galicia Stock Performance

The stock’s 50 day simple moving average is $33.48 and its two-hundred day simple moving average is $25.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.04.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be given a dividend of $0.70 per share. This is a boost from Grupo Financiero Galicia’s previous Variable dividend of $0.12. The ex-dividend date of this dividend is Friday, June 21st.

Institutional Investors Weigh In On Grupo Financiero Galicia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in shares of Grupo Financiero Galicia by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after purchasing an additional 3,116 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of Grupo Financiero Galicia during the third quarter valued at about $4,706,000. Dfpg Investments LLC increased its position in shares of Grupo Financiero Galicia by 49.8% during the fourth quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after acquiring an additional 8,224 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $86,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $2,924,000.

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.