Triasima Portfolio Management inc. Acquires Shares of 6,310 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Triasima Portfolio Management inc. purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,310 shares of the bank's stock, valued at approximately $393,000.

A number of other institutional investors have also modified their holdings of GGAL. Truist Financial Corp purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth approximately $273,000. Claro Advisors LLC boosted its holdings in shares of Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank's stock worth $4,537,000 after purchasing an additional 98,496 shares during the last quarter. X Square Capital LLC acquired a new stake in shares of Grupo Financiero Galicia during the third quarter worth $316,000. Assenagon Asset Management S.A. purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $1,503,000. Finally, Diversify Wealth Management LLC increased its stake 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 purchasing an additional 1,202 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on GGAL shares. Morgan Stanley raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target on the stock in a research note on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Grupo Financiero Galicia Price Performance

GGAL stock traded down $4.43 during midday trading on Tuesday, reaching $58.61. 2,373,582 shares of the company's stock traded hands, compared to its average volume of 1,127,443. Grupo Financiero Galicia S.A. has a fifty-two week low of $18.55 and a fifty-two week high of $74.00. The business has a 50-day moving average price of $65.59 and a two-hundred day moving average price of $51.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.