Grupo Financiero Galicia (NASDAQ:GGAL) Lowered to “Hold” Rating by StockNews.com

Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other brokerages have also recently issued reports on GGAL. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a research report on Friday, August 30th. Finally, Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their target price for the company from $28.00 to $36.00 in a research report on Thursday, August 8th.

Grupo Financiero Galicia Stock Performance

GGAL opened at $55.03 on Thursday. The stock’s fifty day moving average is $47.85 and its two-hundred day moving average is $37.93. Grupo Financiero Galicia has a 52 week low of $11.68 and a 52 week high of $57.24.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors have recently made changes to their positions in GGAL. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth $51,000. Headlands Technologies LLC acquired a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth $67,000. Banco Santander S.A. acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth $211,000. Finally, NorthRock Partners LLC acquired a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $253,000.

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.