Activest Wealth Management Purchases 26,741 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Activest Wealth Management boosted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 278.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,345 shares of the bank's stock after acquiring an additional 26,741 shares during the quarter. Grupo Financiero Galicia accounts for approximately 0.6% of Activest Wealth Management's portfolio, making the stock its 21st largest holding. Activest Wealth Management's holdings in Grupo Financiero Galicia were worth $2,265,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GGAL. R Squared Ltd purchased a new position in Grupo Financiero Galicia in the 4th quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after buying an additional 624 shares during the last quarter. Banco Santander S.A. increased its holdings in shares of Grupo Financiero Galicia by 12.6% in the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock worth $328,000 after buying an additional 872 shares during the period. Blue Trust Inc. lifted its stake in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock valued at $158,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in Grupo Financiero Galicia by 4.5% during the 3rd 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 period.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL traded up $0.95 during mid-day trading on Thursday, reaching $59.04. 1,004,648 shares of the company's stock traded hands, compared to its average volume of 1,122,681. The company has a 50 day moving average price of $65.64 and a 200-day moving average price of $52.18. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 12-month low of $19.34 and a 12-month high of $74.00.

Analyst Ratings Changes

A number of equities analysts have commented on the company. 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 downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.