Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Short Interest Update

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,840,000 shares, a decrease of 17.0% from the February 13th total of 3,420,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Institutional Trading of Grupo Financiero Galicia

Several large investors have recently added to or reduced their stakes in GGAL. Hsbc Holdings PLC increased its holdings in Grupo Financiero Galicia by 9,082.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank’s stock valued at $721,935,000 after purchasing an additional 11,366,972 shares in the last quarter. Axiom Investors LLC DE increased its holdings in Grupo Financiero Galicia by 1,723.9% in the 4th quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank’s stock valued at $94,786,000 after purchasing an additional 1,437,570 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at $78,711,000. Jennison Associates LLC acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at $51,416,000. Finally, William Blair Investment Management LLC increased its holdings in Grupo Financiero Galicia by 778.9% in the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock valued at $56,152,000 after purchasing an additional 798,542 shares in the last quarter.

Grupo Financiero Galicia Trading Up 5.3 %

Shares of GGAL traded up $2.91 during trading hours on Wednesday, hitting $57.72. The stock had a trading volume of 988,589 shares, compared to its average volume of 1,043,166. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $8.51 billion, a P/E ratio of 8.50 and a beta of 1.85. The company’s fifty day simple moving average is $62.61 and its 200 day simple moving average is $56.56. Grupo Financiero Galicia has a 12-month low of $23.53 and a 12-month high of $74.00.

Grupo Financiero Galicia Company Profile

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.