JPMorgan Chase & Co. lifted its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 267.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,505 shares of the bank's stock after acquiring an additional 67,312 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Grupo Financiero Galicia worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of GGAL. NorthRock Partners LLC bought a new position in Grupo Financiero Galicia during the third quarter worth $253,000. XTX Topco Ltd acquired a new position in Grupo Financiero Galicia during the third quarter worth $266,000. Truist Financial Corp bought a new position in shares of Grupo Financiero Galicia in the second quarter valued at $273,000. Quadrature Capital Ltd acquired a new position in shares of Grupo Financiero Galicia during the third quarter valued at about $278,000. Finally, X Square Capital LLC bought a new stake in shares of Grupo Financiero Galicia during the third quarter worth about $316,000.
Wall Street Analysts Forecast Growth
GGAL has been the topic of several recent research reports. StockNews.com cut shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target for the company in a report on Monday, December 16th. One investment 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, Grupo Financiero Galicia presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Check Out Our Latest Research Report on GGAL
Grupo Financiero Galicia Trading Down 4.0 %
Shares of NASDAQ GGAL traded down $2.83 during midday trading on Friday, reaching $67.07. The company's stock had a trading volume of 1,614,404 shares, compared to its average volume of 989,726. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day moving average price of $62.21 and a 200-day moving average price of $47.48. Grupo Financiero Galicia S.A. has a 12-month low of $15.74 and a 12-month high of $74.00.
Grupo Financiero Galicia Profile
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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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