Axiom Investors LLC DE Buys 1,437,570 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Axiom Investors LLC DE raised its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 1,723.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,520,960 shares of the bank's stock after purchasing an additional 1,437,570 shares during the quarter. Axiom Investors LLC DE owned approximately 1.03% of Grupo Financiero Galicia worth $94,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GGAL. JPMorgan Chase & Co. increased its stake in shares of Grupo Financiero Galicia by 267.2% in the third quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank's stock valued at $3,894,000 after buying an additional 67,312 shares in the last quarter. SMART Wealth LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $295,000. Verde Servicos Internacionais S.A. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $686,000. Deltec Asset Management LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $262,000. Finally, Nkcfo LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $312,000.

Grupo Financiero Galicia Trading Down 10.0 %

Shares of GGAL traded down $5.38 on Friday, reaching $48.24. 2,683,690 shares of the company's stock were exchanged, compared to its average volume of 1,068,421. The business has a 50 day moving average price of $59.01 and a two-hundred day moving average price of $57.59. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The stock has a market capitalization of $7.11 billion, a P/E ratio of 7.10 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

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Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.