Arrowstreet Capital Limited Partnership grew its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,050,575 shares of the bank's stock after acquiring an additional 30,980 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.71% of Grupo Financiero Galicia worth $65,472,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Grupo Financiero Galicia in the fourth quarter valued at about $27,000. Commonwealth Equity Services LLC grew its position in shares of Grupo Financiero Galicia by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after buying an additional 618 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after acquiring an additional 624 shares in the last quarter. Blue Trust Inc. lifted its position in Grupo Financiero Galicia by 78.8% during the fourth 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, State Street Corp boosted its stake in Grupo Financiero Galicia by 1.5% in the third quarter. State Street Corp now owns 84,378 shares of the bank's stock valued at $3,551,000 after acquiring an additional 1,260 shares in the last quarter.
Grupo Financiero Galicia Stock Performance
NASDAQ:GGAL traded down $5.38 during trading hours on Friday, hitting $48.24. 2,683,690 shares of the company were exchanged, compared to its average volume of 1,069,977. 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 $23.53 and a 52-week high of $74.00. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 7.10 and a beta of 1.60. The company's 50 day moving average price is $59.01 and its 200-day moving average price is $57.67.
Wall Street Analyst Weigh In
Separately, 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 report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.00.
Read Our Latest Analysis on Grupo Financiero Galicia
About Grupo Financiero Galicia
(
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.
Further Reading
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