Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,090,000 shares, a decrease of 17.7% from the August 15th total of 4,970,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 3.9 days. Approximately 3.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Grupo Financiero Galicia

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Grupo Financiero Galicia during the second quarter valued at approximately $51,000. Headlands Technologies LLC purchased a new stake in shares of Grupo Financiero Galicia in the first quarter worth approximately $67,000. Banco Santander S.A. purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at $211,000. Finally, Claro Advisors LLC purchased a new position in Grupo Financiero Galicia during the 1st quarter valued at $235,000.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $45.14 on Wednesday. The stock’s fifty day moving average is $33.90 and its 200 day moving average is $31.45. Grupo Financiero Galicia has a fifty-two week low of $10.57 and a fifty-two week high of $46.93.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were paid a $0.7248 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Grupo Financiero Galicia’s previous — dividend of $0.14.

Analysts Set New Price Targets

A number of research firms have issued reports on GGAL. StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a research report on Friday, August 30th. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, September 4th. Finally, Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $36.00 in a report on Thursday, August 8th.

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.