Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares fell 5.5% on Friday . The company traded as low as $11.01 and last traded at $11.13, 1,937,400 shares traded hands during trading. An increase of 15% from the average session volume of 1,682,207 shares. The stock had previously closed at $11.78.

A number of research firms have recently weighed in on GGAL. Scotiabank began coverage on Grupo Financiero Galicia in a report on Wednesday, August 7th. They set an “underperform” rating and a $27.00 price target on the stock. Morgan Stanley cut Grupo Financiero Galicia from an “overweight” rating to an “underweight” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to a “neutral” rating and cut their price target for the company from $26.00 to $20.00 in a report on Wednesday, August 14th. BidaskClub cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Credit Suisse Group cut Grupo Financiero Galicia from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $45.00 to $22.00 in a report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Grupo Financiero Galicia presently has an average rating of “Hold” and an average price target of $27.25.

The stock has a market cap of $1.71 billion, a P/E ratio of 3.10 and a beta of 1.22. The company has a fifty day moving average of $21.81 and a 200 day moving average of $26.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 1.05.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Wednesday, August 14th. The bank reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.81. Grupo Financiero Galicia had a return on equity of 41.32% and a net margin of 25.77%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $543.07 million. As a group, analysts anticipate that Grupo Financiero Galicia S.A. will post 4.09 EPS for the current year.

A number of large investors have recently made changes to their positions in GGAL. Aperio Group LLC bought a new stake in Grupo Financiero Galicia during the second quarter worth approximately $33,000. Capital Investment Advisory Services LLC bought a new stake in Grupo Financiero Galicia during the second quarter worth approximately $43,000. KBC Group NV bought a new stake in Grupo Financiero Galicia during the second quarter worth approximately $153,000. Bank of America Corp DE raised its holdings in Grupo Financiero Galicia by 60.2% during the fourth quarter. Bank of America Corp DE now owns 6,665 shares of the bank’s stock worth $184,000 after purchasing an additional 2,504 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in Grupo Financiero Galicia during the second quarter worth approximately $202,000. 29.89% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Financiero Galicia (NASDAQ:GGAL)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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