Northwest & Ethical Investments L.P. acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,543 shares of the bank's stock, valued at approximately $906,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC grew its position in shares of Grupo Financiero Galicia by 778.9% in the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after purchasing an additional 798,542 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Grupo Financiero Galicia by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock valued at $380,000 after buying an additional 618 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Grupo Financiero Galicia by 60,716.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,298 shares of the bank's stock valued at $455,000 after buying an additional 7,286 shares during the last quarter. Marvin & Palmer Associates Inc. increased its position in Grupo Financiero Galicia by 84.8% during the fourth quarter. Marvin & Palmer Associates Inc. now owns 39,370 shares of the bank's stock worth $2,454,000 after buying an additional 18,070 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Grupo Financiero Galicia during the fourth quarter worth $466,000.
Grupo Financiero Galicia Trading Down 2.0 %
Shares of Grupo Financiero Galicia stock traded down $1.17 during trading hours on Wednesday, reaching $57.78. 551,403 shares of the company's stock were exchanged, compared to its average volume of 1,036,669. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00. The company has a fifty day moving average of $61.35 and a 200-day moving average of $57.15. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 8.51 and a beta of 1.85.
Analysts Set New Price Targets
Separately, Morgan Stanley raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.00.
Get Our Latest Analysis 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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