Franklin Resources Inc. acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 93,137 shares of the bank's stock, valued at approximately $5,804,000. Franklin Resources Inc. owned 0.06% of Grupo Financiero Galicia as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Grupo Financiero Galicia by 41.3% during the fourth 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 during the period. Blue Trust Inc. grew its stake 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 in the last quarter. Finally, Empowered Funds LLC bought a new position in Grupo Financiero Galicia in the 4th quarter valued at about $167,000.
Analysts Set New Price Targets
Separately, Morgan Stanley upgraded 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 report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.
View Our Latest Stock Analysis on GGAL
Grupo Financiero Galicia Price Performance
Shares of GGAL traded down $0.57 during mid-day trading on Tuesday, reaching $60.87. The company had a trading volume of 506,628 shares, compared to its average volume of 1,090,990. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.93 and a beta of 1.60. 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 company's 50 day simple moving average is $56.51 and its 200 day simple moving average is $57.99. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00.
About Grupo Financiero Galicia
(
Free Report)
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.
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