Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Stake Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 436.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,671 shares of the bank's stock after acquiring an additional 155,969 shares during the period. Assenagon Asset Management S.A. owned 0.13% of Grupo Financiero Galicia worth $11,945,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GGAL. INCA Investments LLC grew its position in shares of Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock worth $57,814,000 after buying an additional 24,354 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in shares of Grupo Financiero Galicia in the second quarter worth about $453,000. B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth approximately $582,000. Claro Advisors LLC grew its position in Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank's stock valued at $4,537,000 after buying an additional 98,496 shares during the period. Finally, State Street Corp grew its position in shares of Grupo Financiero Galicia by 1.5% during the 3rd 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 during the period.

Grupo Financiero Galicia Price Performance

GGAL stock traded down $2.83 during midday trading on Friday, hitting $67.07. 1,614,404 shares of the stock were exchanged, compared to its average volume of 989,726. The stock's 50-day moving average price is $62.21 and its 200-day moving average price is $47.48. 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 S.A. has a fifty-two week low of $15.74 and a fifty-two week high of $74.00.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GGAL shares. StockNews.com cut 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 target for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Grupo Financiero Galicia presently has an average rating of "Moderate Buy" and a consensus 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.