Grupo Financiero Galicia (NASDAQ:GGAL) Reaches New 12-Month High at $43.35

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.35 and last traded at $43.33, with a volume of 349241 shares. The stock had previously closed at $41.55.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their target price for the stock from $28.00 to $36.00 in a research note on Thursday, August 8th. StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised 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.

Grupo Financiero Galicia Price Performance

The firm has a 50 day moving average price of $32.33 and a 200-day moving average price of $30.67.

Grupo Financiero Galicia Increases Dividend

The business also recently disclosed 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 a boost from Grupo Financiero Galicia’s previous — dividend of $0.14.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently made changes to their positions in GGAL. Jump Financial LLC boosted its stake in shares of Grupo Financiero Galicia by 8.0% in the 4th quarter. Jump Financial LLC now owns 124,008 shares of the bank’s stock valued at $2,141,000 after buying an additional 9,155 shares during the period. AdvisorShares Investments LLC acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth about $516,000. Virtu Financial LLC raised its position in shares of Grupo Financiero Galicia by 78.5% during the 4th quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock worth $653,000 after acquiring an additional 16,628 shares in the last quarter. Shilanski & Associates Inc. acquired a new stake in shares of Grupo Financiero Galicia during the 1st quarter worth about $242,000. Finally, Claro Advisors LLC acquired a new stake in shares of Grupo Financiero Galicia during the 1st quarter worth about $235,000.

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.