Handelsbanken Fonder AB Boosts Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Handelsbanken Fonder AB increased its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,165 shares of the bank's stock after buying an additional 5,000 shares during the period. Handelsbanken Fonder AB's holdings in Grupo Financiero Galicia were worth $1,194,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in Grupo Financiero Galicia during the 3rd quarter valued at $1,503,000. Diversify Wealth Management LLC grew its holdings in shares of Grupo Financiero Galicia by 4.5% during the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank's stock valued at $1,171,000 after buying an additional 1,202 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Grupo Financiero Galicia during the third quarter worth about $253,000. INCA Investments LLC raised its holdings in shares of Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock worth $57,814,000 after acquiring an additional 24,354 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in Grupo Financiero Galicia in the 3rd quarter valued at about $51,416,000.

Wall Street Analysts Forecast Growth

GGAL has been the subject of several analyst reports. Morgan Stanley raised 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 lowered Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

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Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL traded down $0.60 during mid-day trading on Monday, reaching $56.62. 948,931 shares of the company's stock were exchanged, compared to its average volume of 1,120,161. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 8.34 and a beta of 1.82. The firm has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $54.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a 52 week low of $20.98 and a 52 week high of $74.00.

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.