Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Grupo Financiero Galicia Trading Down 0.3 %

GGAL stock opened at $27.68 on Wednesday. Grupo Financiero Galicia has a fifty-two week low of $10.57 and a fifty-two week high of $30.28. The business’s 50 day moving average price is $23.85 and its two-hundred day moving average price is $18.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. INCA Investments LLC grew its holdings in shares of Grupo Financiero Galicia by 33.8% during the 1st quarter. INCA Investments LLC now owns 3,086,245 shares of the bank’s stock worth $33,331,000 after acquiring an additional 779,545 shares during the period. Morgan Stanley grew its stake in shares of Grupo Financiero Galicia by 318.7% in the 4th quarter. Morgan Stanley now owns 628,672 shares of the bank’s stock worth $6,117,000 after buying an additional 478,516 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Grupo Financiero Galicia by 6.6% in the 1st quarter. Hsbc Holdings PLC now owns 425,200 shares of the bank’s stock worth $4,622,000 after buying an additional 26,262 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Grupo Financiero Galicia by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after buying an additional 161,684 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth approximately $4,323,000.

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.