Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) shares dropped 5.8% on Tuesday . The stock traded as low as $60.23 and last traded at $59.41. Approximately 118,453 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,040,505 shares. The stock had previously closed at $63.04.
GGAL has been the topic of several research reports. StockNews.com lowered Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target for the company in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.
Read Our Latest Analysis on Grupo Financiero Galicia
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average of $65.64 and a 200-day moving average of $52.18.
Several large investors have recently modified their holdings of the business. Jump Financial LLC grew its stake in shares of Grupo Financiero Galicia by 15.2% during the fourth quarter. Jump Financial LLC now owns 186,400 shares of the bank's stock valued at $11,616,000 after acquiring an additional 24,564 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter worth about $315,000. Townsquare Capital LLC grew its stake in Grupo Financiero Galicia by 1.2% in the fourth quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock worth $1,432,000 after purchasing an additional 283 shares in the last quarter. Gemsstock Ltd. acquired a new position in Grupo Financiero Galicia in the fourth quarter worth about $14,166,000. Finally, Wells Fargo & Company MN grew its stake in Grupo Financiero Galicia by 494.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,050 shares of the bank's stock worth $315,000 after purchasing an additional 4,200 shares in the last quarter.
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.
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