Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 12-Month High at $36.87

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.87 and last traded at $36.80, with a volume of 2108837 shares traded. The stock had previously closed at $34.32.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.

Grupo Financiero Galicia Stock Performance

The firm’s fifty day simple moving average is $26.69 and its 200 day simple moving average is $20.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.20 and a quick ratio of 1.20.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Grupo Financiero Galicia by 3.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 38,564 shares of the bank’s stock worth $503,000 after purchasing an additional 1,123 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Grupo Financiero Galicia during the 3rd quarter worth $42,000. Hsbc Holdings PLC boosted its stake in Grupo Financiero Galicia by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after purchasing an additional 3,116 shares during the last quarter. Turim 21 Investimentos Ltda. boosted its stake in Grupo Financiero Galicia by 42.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 10,991 shares of the bank’s stock worth $143,000 after purchasing an additional 3,302 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth $86,000.

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.