Amundi reduced its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,640 shares of the bank's stock after selling 11,258 shares during the quarter. Amundi's holdings in Grupo Financiero Galicia were worth $1,162,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of GGAL. Jennison Associates LLC purchased a new stake in Grupo Financiero Galicia during the third quarter worth approximately $51,416,000. Banco Santander S.A. grew its stake in Grupo Financiero Galicia by 12.6% during the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock worth $328,000 after buying an additional 872 shares during the period. Activest Wealth Management grew its stake in Grupo Financiero Galicia by 105.7% during the third quarter. Activest Wealth Management now owns 9,604 shares of the bank's stock worth $404,000 after buying an additional 4,936 shares during the period. Sagil Capital LLP purchased a new stake in Grupo Financiero Galicia during the third quarter worth approximately $580,000. Finally, Quantbot Technologies LP purchased a new stake in Grupo Financiero Galicia during the third quarter worth approximately $811,000.
Grupo Financiero Galicia Stock Up 3.9 %
Shares of NASDAQ GGAL traded up $2.20 during trading on Friday, reaching $58.56. 763,907 shares of the stock were exchanged, compared to its average volume of 1,042,323. The business's 50-day moving average price is $61.78 and its 200 day moving average price is $56.70. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. 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 company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 8.62 and a beta of 1.85.
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 objective for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Get Our Latest Stock Report on GGAL
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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