INCA Investments LLC Increases Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

INCA Investments LLC lifted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,373,576 shares of the bank's stock after buying an additional 24,354 shares during the quarter. Grupo Financiero Galicia comprises approximately 24.7% of INCA Investments LLC's investment portfolio, making the stock its largest holding. INCA Investments LLC's holdings in Grupo Financiero Galicia were worth $57,814,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GGAL. Headlands Technologies LLC acquired a new stake in shares of Grupo Financiero Galicia during the 1st quarter worth approximately $67,000. PEAK6 Investments LLC grew its position in shares of Grupo Financiero Galicia by 135.8% during the 1st quarter. PEAK6 Investments LLC now owns 64,480 shares of the bank's stock worth $1,639,000 after buying an additional 244,580 shares during the period. Rokos Capital Management LLP grew its position in Grupo Financiero Galicia by 58.7% in the 1st quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank's stock valued at $14,559,000 after purchasing an additional 211,870 shares during the period. Blue Trust Inc. acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $40,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $306,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup raised shares of Grupo Financiero Galicia from a "neutral" rating to a "buy" rating and set a $54.00 price target for the company in a research report on Wednesday, September 4th. StockNews.com raised shares of Grupo Financiero Galicia from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Bank of America raised shares of Grupo Financiero Galicia from an "underperform" rating to a "buy" rating and lifted their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $54.00 price target for the company in a research report on Friday, August 30th.

Grupo Financiero Galicia Price Performance

GGAL traded up $0.94 during mid-day trading on Tuesday, reaching $54.75. 902,002 shares of the stock were exchanged, compared to its average volume of 1,014,967. The company has a 50 day moving average price of $47.60 and a two-hundred day moving average price of $37.81. Grupo Financiero Galicia S.A. has a 1 year low of $11.48 and a 1 year high of $57.24.

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.