Deltec Asset Management LLC bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,200 shares of the bank's stock, valued at approximately $262,000.
A number of other hedge funds also recently modified their holdings of the stock. Truist Financial Corp acquired a new position in Grupo Financiero Galicia during the second quarter valued at approximately $273,000. Claro Advisors LLC raised its holdings in shares of Grupo Financiero Galicia by 1,058.6% during the 3rd quarter. Claro Advisors LLC now owns 107,800 shares of the bank's stock worth $4,537,000 after buying an additional 98,496 shares in the last quarter. X Square Capital LLC bought a new stake in shares of Grupo Financiero Galicia during the 3rd quarter worth $316,000. Assenagon Asset Management S.A. acquired a new stake in Grupo Financiero Galicia in the third quarter valued at about $1,503,000. Finally, Diversify Wealth Management LLC grew its position in Grupo Financiero Galicia by 4.5% in the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank's stock valued at $1,171,000 after acquiring an additional 1,202 shares during the last quarter.
Analyst Ratings Changes
A number of research firms have recently commented on GGAL. StockNews.com cut shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Read Our Latest Research Report on GGAL
Grupo Financiero Galicia Stock Performance
Shares of NASDAQ:GGAL traded down $3.06 during midday trading on Friday, hitting $63.59. 914,697 shares of the stock were exchanged, compared to its average volume of 1,008,501. The business's 50-day moving average price is $65.51 and its 200 day moving average price is $51.37. Grupo Financiero Galicia S.A. has a 12 month low of $18.02 and a 12 month high of $74.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.
Grupo Financiero Galicia Company Profile
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Free Report)
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.
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