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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price reached a new 52-week high during 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.

Wall Street Analysts Forecast Growth

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

Grupo Financiero Galicia Price Performance

The business has a 50-day moving average of $26.69 and a 200 day moving average of $20.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.20.

Institutional Trading of Grupo Financiero Galicia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. INCA Investments LLC grew its holdings in Grupo Financiero Galicia by 27.6% in the 1st quarter. INCA Investments LLC now owns 1,078,149 shares of the bank’s stock valued at $27,407,000 after buying an additional 232,980 shares during the period. BNP Paribas Financial Markets grew its holdings in Grupo Financiero Galicia by 266.5% in the 1st quarter. BNP Paribas Financial Markets now owns 338,939 shares of the bank’s stock valued at $8,616,000 after buying an additional 246,452 shares during the period. Diversify Advisory Services LLC purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at about $729,000. Norden Group LLC purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at about $383,000. Finally, Claro Advisors LLC purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at 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.