ABS Direct Equity Fund LLC Purchases Shares of 10,639 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

ABS Direct Equity Fund LLC acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,639 shares of the bank's stock, valued at approximately $663,000.

Several other large investors have also made changes to their positions in the business. Verde Servicos Internacionais S.A. purchased a new position in Grupo Financiero Galicia in the fourth quarter worth $686,000. Blue Trust Inc. boosted its position in shares of Grupo Financiero Galicia by 78.8% during the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after buying an additional 1,118 shares during the period. Crocodile Capital Partners GmbH bought a new stake in Grupo Financiero Galicia in the fourth quarter worth about $623,000. Systrade AG acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth $935,000. Finally, Diversify Wealth Management LLC grew its stake in shares of Grupo Financiero Galicia by 15.5% in the 4th quarter. Diversify Wealth Management LLC now owns 32,128 shares of the bank's stock valued at $2,002,000 after buying an additional 4,309 shares in the last quarter.

Grupo Financiero Galicia Trading Up 1.7 %

Shares of GGAL stock traded up $1.13 during mid-day trading on Tuesday, hitting $65.90. The company had a trading volume of 882,187 shares, compared to its average volume of 1,219,440. The stock's 50 day moving average price is $63.63 and its 200-day moving average price is $49.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a 52-week low of $18.02 and a 52-week high of $74.00.

Analysts Set New Price Targets

GGAL has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price for the company in a research report on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.00.

Grupo Financiero Galicia 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.