Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Upgraded by StockNews.com

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Grupo Financiero Galicia Stock Up 2.5 %

GGAL stock opened at $31.64 on Friday. The firm has a 50 day moving average of $33.48 and a 200-day moving average of $25.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $37.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rokos Capital Management LLP lifted its holdings in shares of Grupo Financiero Galicia by 58.7% in the 1st quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank’s stock worth $14,559,000 after acquiring an additional 211,870 shares during the last quarter. PEAK6 Investments LLC boosted its position in Grupo Financiero Galicia by 135.8% during the first quarter. PEAK6 Investments LLC now owns 64,480 shares of the bank’s stock valued at $1,639,000 after buying an additional 244,580 shares during the period. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia during the first quarter valued at about $67,000. INCA Investments LLC increased its holdings in shares of Grupo Financiero Galicia by 27.6% in the first quarter. INCA Investments LLC now owns 1,078,149 shares of the bank’s stock worth $27,407,000 after buying an additional 232,980 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Grupo Financiero Galicia by 266.5% in the 1st quarter. BNP Paribas Financial Markets now owns 338,939 shares of the bank’s stock valued at $8,616,000 after acquiring an additional 246,452 shares during the last quarter.

Grupo Financiero Galicia Company Profile

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.