Grupo Financiero Galicia (NASDAQ:GGAL) Upgraded 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 research report released on Friday morning, Marketbeat Ratings reports. They currently have $54.00 target price on the bank’s stock.

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

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $39.17 on Friday. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 6.29 and a beta of 2.03. Grupo Financiero Galicia has a fifty-two week low of $10.57 and a fifty-two week high of $41.33. The business’s 50-day moving average is $30.83 and its 200-day moving average is $29.67.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were issued a $0.7248 dividend. The ex-dividend date was Monday, August 19th. This is an increase from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio is currently 39.81%.

Hedge Funds Weigh In On Grupo Financiero Galicia

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia in the second quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia in the second quarter worth approximately $51,000. Headlands Technologies LLC acquired a new position in Grupo Financiero Galicia in the first quarter worth approximately $67,000. Banco Santander S.A. acquired a new position in Grupo Financiero Galicia in the second quarter worth approximately $211,000. Finally, Truist Financial Corp acquired a new position in Grupo Financiero Galicia in the second quarter worth approximately $273,000.

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.