Analysts Set Grupo Financiero Galicia S.A. (GGAL) Price Target at $74.00

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $74.00.

Several analysts recently issued reports on the company. Santander lowered Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. UBS Group upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. BidaskClub upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in Grupo Financiero Galicia during the third quarter valued at about $107,000. Advisor Group Inc. raised its holdings in Grupo Financiero Galicia by 126.5% during the second quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after buying an additional 1,674 shares in the last quarter. Bank of America Corp DE raised its holdings in Grupo Financiero Galicia by 39.5% during the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after buying an additional 887 shares in the last quarter. Private Advisory Group LLC bought a new position in Grupo Financiero Galicia during the second quarter valued at about $266,000. Finally, LSV Asset Management raised its holdings in Grupo Financiero Galicia by 59.1% during the second quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 32.24% of the company’s stock.

Shares of Grupo Financiero Galicia (GGAL) traded down $0.76 during trading hours on Tuesday, hitting $68.75. The company had a trading volume of 387,093 shares, compared to its average volume of 341,500. Grupo Financiero Galicia has a twelve month low of $28.35 and a twelve month high of $70.15. The stock has a market capitalization of $8,701.41, a price-to-earnings ratio of 21.38 and a beta of 1.15.

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Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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