Sagil Capital LLP Has $2.98 Million Stock Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Sagil Capital LLP increased its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 247.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,860 shares of the bank's stock after buying an additional 34,083 shares during the quarter. Grupo Financiero Galicia accounts for approximately 1.4% of Sagil Capital LLP's holdings, making the stock its 8th biggest holding. Sagil Capital LLP's holdings in Grupo Financiero Galicia were worth $2,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in 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 worth $56,152,000 after purchasing an additional 798,542 shares during the period. Fourth Sail Capital LP bought a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $27,369,000. BNP Paribas Financial Markets lifted its holdings in shares of Grupo Financiero Galicia by 103.8% during the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank's stock valued at $26,306,000 after purchasing an additional 318,326 shares during the last quarter. Sei Investments Co. purchased a new position in Grupo Financiero Galicia during the fourth quarter valued at $15,446,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Grupo Financiero Galicia by 436.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank's stock worth $11,945,000 after acquiring an additional 155,969 shares in the last quarter.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL traded down $1.66 during trading hours on Monday, hitting $54.12. The company's stock had a trading volume of 485,996 shares, compared to its average volume of 1,054,161. 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 company has a market cap of $7.98 billion, a P/E ratio of 7.97 and a beta of 1.85. The company's 50 day simple moving average is $60.58 and its two-hundred day simple moving average is $57.45. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00.

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.