DJE Kapital AG Acquires Shares of 29,300 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

DJE Kapital AG acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,300 shares of the bank's stock, valued at approximately $1,843,000.

Several other hedge funds also recently modified their holdings of the stock. R Squared Ltd acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Grupo Financiero Galicia by 41.3% in the 4th 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. grew its stake 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 valued at $328,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. increased its holdings in Grupo Financiero Galicia by 78.8% during the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after buying an additional 1,118 shares during the last quarter. Finally, State Street Corp raised its position in Grupo Financiero Galicia by 1.5% during the third quarter. State Street Corp now owns 84,378 shares of the bank's stock worth $3,551,000 after acquiring an additional 1,260 shares in the last quarter.

Grupo Financiero Galicia Stock Performance

Shares of GGAL traded down $1.53 during trading hours on Thursday, hitting $56.82. The company had a trading volume of 819,702 shares, compared to its average volume of 1,106,799. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 8.37 and a beta of 1.82. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $64.38 and a 200-day moving average of $55.05. Grupo Financiero Galicia S.A. has a 12 month low of $21.60 and a 12 month high of $74.00.

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Analysts Set New Price Targets

GGAL has been the subject of a number of analyst reports. Morgan Stanley raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective for the company in a research report on Monday, December 16th. StockNews.com cut Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.00.

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.