Crocodile Capital Partners GmbH Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Crocodile Capital Partners GmbH acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the bank's stock, valued at approximately $623,000. Grupo Financiero Galicia accounts for about 1.7% of Crocodile Capital Partners GmbH's investment portfolio, making the stock its 8th biggest holding.

Several other large investors have also recently added to or reduced their stakes in GGAL. INCA Investments LLC raised its holdings in Grupo Financiero Galicia by 1.8% during 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 period. Jennison Associates LLC purchased a new stake in shares of Grupo Financiero Galicia during the third quarter worth $51,416,000. BNP Paribas Financial Markets lifted its holdings in shares of Grupo Financiero Galicia by 103.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank's stock valued at $26,306,000 after buying an additional 318,326 shares during the last quarter. PointState Capital LP raised its position in Grupo Financiero Galicia by 15.8% during the third quarter. PointState Capital LP now owns 504,169 shares of the bank's stock valued at $21,220,000 after acquiring an additional 68,658 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Grupo Financiero Galicia by 436.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank's stock worth $11,945,000 after acquiring an additional 155,969 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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 report on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Grupo Financiero Galicia Trading Down 1.0 %

NASDAQ:GGAL traded down $0.67 on Friday, reaching $68.23. The company's stock had a trading volume of 988,703 shares, compared to its average volume of 901,876. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The business's 50-day moving average price is $63.63 and its two-hundred day moving average price is $48.75. Grupo Financiero Galicia S.A. has a 1-year low of $18.02 and a 1-year high of $74.00. The firm has a market cap of $10.06 billion, a PE ratio of 10.02 and a beta of 1.83.

About Grupo Financiero Galicia

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.