Grupo Financiero Galicia (NASDAQ:GGAL) Hits New 52-Week High – What’s Next?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s stock price hit a new 52-week high on Monday . The stock traded as high as $54.73 and last traded at $54.63, with a volume of 12921 shares changing hands. The stock had previously closed at $53.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. 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. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, September 4th. Finally, Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their target price for the stock from $28.00 to $36.00 in a research report on Thursday, August 8th.

Grupo Financiero Galicia Stock Performance

The stock’s 50 day moving average is $43.42 and its two-hundred day moving average is $35.76.

Grupo Financiero Galicia Increases Dividend

The business also recently disclosed a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a $0.7248 dividend. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGAL. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia in the 2nd quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia during the second quarter worth $51,000. Headlands Technologies LLC bought a new position in shares of Grupo Financiero Galicia during the 1st quarter worth approximately $67,000. Banco Santander S.A. bought a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $211,000. Finally, Claro Advisors LLC acquired a new stake in Grupo Financiero Galicia during the 1st quarter valued at $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.