Grupo Financiero Galicia (NASDAQ:GGAL) Shares Down 3.9% – Time to Sell?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price was down 3.9% during trading on Friday . The stock traded as low as $67.01 and last traded at $67.18. Approximately 575,330 shares traded hands during trading, a decline of 50% from the average daily volume of 1,147,202 shares. The stock had previously closed at $69.90.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GGAL. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research report on Monday, December 16th. StockNews.com lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $62.21 and a 200 day moving average of $47.48.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently made changes to their positions in GGAL. NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth approximately $253,000. XTX Topco Ltd purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $266,000. Truist Financial Corp bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at $273,000. Quadrature Capital Ltd purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $278,000. Finally, X Square Capital LLC purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $316,000.

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.