JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,150 shares of the bank's stock, valued at approximately $820,000. Grupo Financiero Galicia makes up approximately 1.9% of JGP Global Gestao de Recursos Ltda.'s investment portfolio, making the stock its 9th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Grupo Financiero Galicia during the 4th quarter worth approximately $27,000. Blue Trust Inc. lifted its stake in shares of Grupo Financiero Galicia by 78.8% during the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after buying an additional 1,118 shares during the period. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia during the third quarter valued at $253,000. Harbour Capital Advisors LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at $386,000. Finally, XTX Topco Ltd purchased a new position in Grupo Financiero Galicia in the 3rd quarter worth $266,000.
Grupo Financiero Galicia Trading Down 2.6 %
Shares of GGAL stock traded down $1.72 on Wednesday, hitting $63.70. The company had a trading volume of 569,169 shares, compared to its average volume of 1,105,194. Grupo Financiero Galicia S.A. has a twelve month low of $18.02 and a twelve month high of $74.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day moving average price of $65.00 and a 200-day moving average price of $50.93.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target on the stock 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.00.
Check Out Our Latest 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.
Read More
Before you consider Grupo Financiero Galicia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Galicia wasn't on the list.
While Grupo Financiero Galicia currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
