Grupo Financiero Galicia (NASDAQ:GGAL) Rating Increased to Buy at StockNews.com

Posted by Jeff Wilder on Jul 1st, 2024

StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL – Free Report) from a hold rating to a buy rating in a research note published on Friday morning.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock opened at $27.67 on Friday. The company has a fifty day simple moving average of $33.46 and a 200-day simple moving average of $25.75. Grupo Financiero Galicia has a 12-month low of $10.57 and a 12-month high of $37.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.04.

Grupo Financiero Galicia Increases Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, June 21st. This is an increase from Grupo Financiero Galicia’s previous Variable dividend of $0.12.

Hedge Funds Weigh In On Grupo Financiero Galicia

Several large investors have recently bought and sold shares of GGAL. Headlands Technologies LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at $67,000. FNY Investment Advisers LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at $86,000. Claro Advisors LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at $235,000. Shilanski & Associates Inc. acquired a new position in Grupo Financiero Galicia in the first quarter valued at $242,000. Finally, Norden Group LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at $383,000.

Grupo Financiero Galicia Company Profile

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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.