Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an underweight rating to an overweight rating in a report issued on Monday, Marketbeat reports. Morgan Stanley currently has $92.00 price target on the bank’s stock.

GGAL has been the subject of a number of other research reports. 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 report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target for the company in a research note on Friday, August 30th. Finally, StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Trading Up 8.7 %

GGAL stock opened at $67.76 on Monday. Grupo Financiero Galicia has a 1-year low of $15.32 and a 1-year high of $69.29. The stock’s fifty day simple moving average is $54.02 and its two-hundred day simple moving average is $41.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors have recently modified their holdings of GGAL. INCA Investments LLC grew its stake in Grupo Financiero Galicia by 1.8% during the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after acquiring an additional 24,354 shares in the last quarter. Jennison Associates LLC bought a new position in Grupo Financiero Galicia in the 3rd quarter valued at $51,416,000. Ping Capital Management Inc. purchased a new position in shares of Grupo Financiero Galicia during the 2nd quarter valued at $23,611,000. BNP Paribas Financial Markets increased its holdings in shares of Grupo Financiero Galicia by 103.8% in the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after purchasing an additional 318,326 shares during the period. Finally, PointState Capital LP raised its position in shares of Grupo Financiero Galicia by 15.8% in the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock worth $21,220,000 after buying an additional 68,658 shares in 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.