Grupo Financiero Galicia (NASDAQ:GGAL) Sets New 12-Month High – What’s Next?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $61.27 and last traded at $61.07, with a volume of 1196137 shares trading hands. The stock had previously closed at $57.95.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of 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. Finally, StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Grupo Financiero Galicia Stock Performance

The firm has a 50-day moving average of $54.02 and a 200 day moving average of $41.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $51,000. Banco Santander S.A. bought a new position in shares of Grupo Financiero Galicia in the second quarter valued at approximately $211,000. NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia during the third quarter valued at approximately $253,000. Finally, XTX Topco Ltd bought a new stake in Grupo Financiero Galicia during the third quarter worth $266,000.

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.