Gemsstock Ltd. acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 227,307 shares of the bank's stock, valued at approximately $14,166,000. Grupo Financiero Galicia makes up approximately 2.8% of Gemsstock Ltd.'s portfolio, making the stock its 10th biggest holding. Gemsstock Ltd. owned about 0.15% of Grupo Financiero Galicia as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter worth about $34,000. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 during the last quarter. Blue Trust Inc. lifted 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 valued at $158,000 after purchasing an additional 1,118 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at about $167,000.
Analysts Set New Price Targets
Separately, 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 note on Monday, December 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.
View Our Latest Stock Report on GGAL
Grupo Financiero Galicia Trading Up 11.2 %
Shares of Grupo Financiero Galicia stock traded up $5.49 during trading on Friday, reaching $54.41. 1,334,365 shares of the company were exchanged, compared to its average volume of 1,079,868. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. The business has a 50-day moving average price of $56.78 and a 200-day moving average price of $57.69. 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 firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 8.05 and a beta of 1.60.
Grupo Financiero Galicia Company Profile
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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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