Fourth Sail Capital LP Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Fourth Sail Capital LP bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 439,165 shares of the bank's stock, valued at approximately $27,369,000. Grupo Financiero Galicia comprises 8.1% of Fourth Sail Capital LP's holdings, making the stock its 4th largest holding. Fourth Sail Capital LP owned about 0.30% of Grupo Financiero Galicia as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC bought a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at about $253,000. INCA Investments LLC boosted its stake in Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock valued at $57,814,000 after acquiring an additional 24,354 shares during the period. Jennison Associates LLC bought a new position in shares of Grupo Financiero Galicia during the third quarter valued at approximately $51,416,000. Banco Santander S.A. raised its position in shares of Grupo Financiero Galicia by 12.6% during the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock worth $328,000 after purchasing an additional 872 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Grupo Financiero Galicia by 105.7% in the 3rd quarter. Activest Wealth Management now owns 9,604 shares of the bank's stock worth $404,000 after purchasing an additional 4,936 shares during the last quarter.

Grupo Financiero Galicia Stock Performance

Shares of GGAL traded down $0.66 during mid-day trading on Monday, reaching $56.56. 1,011,339 shares of the company's stock traded hands, compared to its average volume of 1,126,030. Grupo Financiero Galicia S.A. has a 12 month low of $20.98 and a 12 month high of $74.00. The stock has a market capitalization of $8.34 billion, a P/E ratio of 8.33 and a beta of 1.82. The business's 50-day moving average price is $64.82 and its 200-day moving average price is $54.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective for the company in a research note 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Grupo Financiero Galicia Company 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.