Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, January 16th.

A number of other brokerages have also weighed in on GGAL. Zacks Investment Research lowered Grupo Financiero Galicia from a hold rating to a sell rating in a research note on Monday, November 20th. HSBC lowered Grupo Financiero Galicia from a buy rating to a hold rating in a research note on Thursday, December 21st. Citigroup upgraded Grupo Financiero Galicia from a neutral rating to a buy rating in a research report on Monday, November 27th. ValuEngine lowered Grupo Financiero Galicia from a buy rating to a hold rating in a research report on Thursday, December 7th. Finally, UBS Group upgraded Grupo Financiero Galicia from a neutral rating to a buy rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $87.00.

Grupo Financiero Galicia (NASDAQ GGAL) opened at $58.95 on Tuesday. The firm has a market capitalization of $7,665.09, a PE ratio of 18.83 and a beta of 1.19. Grupo Financiero Galicia has a 12-month low of $31.13 and a 12-month high of $73.45.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its quarterly earnings data on Wednesday, November 29th. The bank reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The firm had revenue of $654.76 million during the quarter. analysts expect that Grupo Financiero Galicia will post 3.47 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Grupo Financiero Galicia by 25.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,385 shares of the bank’s stock valued at $2,602,000 after purchasing an additional 10,501 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $515,000. Key Square Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $28,696,000. Jane Street Group LLC increased its position in shares of Grupo Financiero Galicia by 721.9% during the 3rd quarter. Jane Street Group LLC now owns 57,609 shares of the bank’s stock valued at $2,969,000 after purchasing an additional 50,600 shares during the period. Finally, PointState Capital LP increased its position in shares of Grupo Financiero Galicia by 10.2% during the 2nd quarter. PointState Capital LP now owns 2,428,391 shares of the bank’s stock valued at $103,547,000 after purchasing an additional 225,500 shares during the period. 32.13% of the stock is currently owned by hedge funds and other institutional investors.

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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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