Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an underweight rating to an overweight rating in a report issued on Friday, MarketBeat reports. The firm currently has $54.00 price target on the bank’s stock.

A number of other equities research analysts have also weighed in on the stock. Bank of America upgraded shares of Grupo Financiero Galicia from an underperform rating to a buy rating and raised their price objective for the company from $28.00 to $36.00 in a report on Thursday, August 8th. StockNews.com raised Grupo Financiero Galicia from a hold rating to a buy rating in a report on Thursday.

Grupo Financiero Galicia Stock Performance

Shares of Grupo Financiero Galicia stock opened at $39.17 on Friday. The business has a 50-day simple moving average of $30.83 and a 200-day simple moving average of $29.53. The company has a market cap of $5.78 billion, a PE ratio of 5.78 and a beta of 2.03. Grupo Financiero Galicia has a one year low of $10.57 and a one year high of $41.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98.

Grupo Financiero Galicia Increases Dividend

The business also recently announced a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were issued a $0.7248 dividend. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date was Monday, August 19th. Grupo Financiero Galicia’s dividend payout ratio is presently 36.58%.

Institutional Investors Weigh In On Grupo Financiero Galicia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC increased its position in shares of Grupo Financiero Galicia by 8.0% during the fourth quarter. Jump Financial LLC now owns 124,008 shares of the bank’s stock worth $2,141,000 after purchasing an additional 9,155 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $516,000. Virtu Financial LLC boosted its holdings in shares of Grupo Financiero Galicia by 78.5% in the fourth quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock valued at $653,000 after acquiring an additional 16,628 shares during the period. Shilanski & Associates Inc. purchased a new position in shares of Grupo Financiero Galicia during the first quarter worth approximately $242,000. Finally, Claro Advisors LLC acquired a new position in shares of Grupo Financiero Galicia in 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.