EverSource Wealth Advisors LLC Has $455,000 Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

EverSource Wealth Advisors LLC boosted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 60,716.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,298 shares of the bank's stock after purchasing an additional 7,286 shares during the period. EverSource Wealth Advisors LLC's holdings in Grupo Financiero Galicia were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Grupo Financiero Galicia during the 4th quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its position in 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 purchasing an additional 624 shares in the last quarter. Blue Trust Inc. grew its position in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after purchasing an additional 1,118 shares in the last quarter. Empowered Funds LLC purchased a new position in Grupo Financiero Galicia during the 4th quarter worth approximately $167,000. Finally, Burns Matteson Capital Management LLC purchased a new position in Grupo Financiero Galicia during the 4th quarter worth approximately $216,000.

Grupo Financiero Galicia Stock Up 5.3 %

GGAL stock traded up $2.91 during mid-day trading on Wednesday, hitting $57.72. The stock had a trading volume of 988,549 shares, compared to its average volume of 1,098,476. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00. The company has a fifty day moving average of $62.61 and a 200 day moving average of $56.56. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 8.50 and a beta of 1.85.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Grupo Financiero Galicia currently 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.