Nkcfo LLC bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the bank's stock, valued at approximately $312,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after purchasing an additional 624 shares in the last quarter. Blue Trust Inc. boosted 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 valued at $158,000 after purchasing an additional 1,118 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $167,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $216,000.
Grupo Financiero Galicia Stock Up 0.4 %
Shares of Grupo Financiero Galicia stock traded up $0.22 during midday trading on Wednesday, reaching $59.46. The company had a trading volume of 1,083,056 shares, compared to its average volume of 1,134,536. The stock has a fifty day moving average price of $65.64 and a 200 day moving average price of $53.28. 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 fifty-two week low of $20.29 and a fifty-two week high of $74.00.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Morgan Stanley raised 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 note on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.00.
Check Out Our Latest Research 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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