Grupo Financiero Galicia SA (GGAL) Lifted to "Buy" at BidaskClub

Author

17 July, 2017

Finally, Franklin Resources Inc. purchased a new position in Grupo Financiero Galicia during the fourth quarter worth $7,015,000. As of the last earnings report the EPS was $0.71 and is projected to be $0.65 for the current year with 1,355,516,000 shares now outstanding. The company is scheduled to report its next quarterly earnings results on Tuesday, June 27th. FEI Company had 8 analyst reports since October 28, 2015 according to SRatingsIntel. Zacks Investment Research's earnings per share calculations are an average based on a survey of sell-side research firms that cover Grupo Financiero Galicia.

A number of equities research analysts have recently issued reports on GGAL shares. The stock of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has "Neutral" rating given on Monday, August 22 by Citigroup. Zacks Investment Research upgraded Grupo Financiero Galicia from a "hold" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, June 6th. BidaskClub downgraded Grupo Financiero Galicia from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 9th. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has risen 63.44% since July 13, 2016 and is uptrending. 181,903 shares of the company traded hands. The company has a market capitalization of $5.35 billion, a P/E ratio of 14.076 and a beta of 1.35.

It is now trading at $10.01 which is just a bit higher than the 50 day moving average which is $9.40 and which is just over the 200 day moving average of $8.32.

Grupo Financiero Galicia S.A. has a 52 week low of $23.23 and a 52 week high of $47.34.

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Several other large investors also recently bought and sold shares of GGAL. The stock of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) earned "Neutral" rating by JP Morgan on Tuesday, February 9. Schroder Investment Management Group now owns 4,560,057 shares of the bank's stock worth $175,426,000 after buying an additional 1,199,043 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Grupo Financiero Galicia during the first quarter valued at $431,000. Bank of America Corp DE raised its stake in shares of Grupo Financiero Galicia by 39.5% in the first quarter. The Columbia Wanger Asset Management Llc holds 792,941 shares with $52.86M value, down from 847,522 last quarter. Eqis Capital Management Inc. increased its position in Grupo Financiero Galicia by 11.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 171,944 shares of the bank's stock valued at $6,510,000 after buying an additional 600 shares in the last quarter.

Want to see what other hedge funds are holding BSMX? Vontobel Asset Management Inc.'s holdings in Grupo Financiero Santander Mexico S.A. B.de C.V. The company offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposit; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.


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