Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, November 20th.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
Several other equities research analysts have also issued reports on the stock. UBS raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Citigroup raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Santander lowered shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Grupo Financiero Galicia presently has an average rating of “Hold”.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGAL. Geode Capital Management LLC grew its holdings in Grupo Financiero Galicia by 38.0% during the 1st quarter. Geode Capital Management LLC now owns 29,717 shares of the bank’s stock valued at $1,124,000 after purchasing an additional 8,184 shares in the last quarter. Bank of America Corp DE grew its holdings in Grupo Financiero Galicia by 39.5% during the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after acquiring an additional 887 shares in the last quarter. Parkwood LLC acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth $563,000. Candriam Luxembourg S.C.A. acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth $7,249,000. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in Grupo Financiero Galicia by 0.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after acquiring an additional 17 shares in the last quarter. 32.29% of the stock is owned by institutional investors and hedge funds.
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About Grupo Financiero Galicia
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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