Sei Investments Co. Buys New Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Sei Investments Co. acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 247,850 shares of the bank's stock, valued at approximately $15,446,000. Sei Investments Co. owned approximately 0.17% of Grupo Financiero Galicia at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $27,000. Commonwealth Equity Services LLC increased 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 during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after buying 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 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock valued at $158,000 after buying an additional 1,118 shares during the period. Finally, State Street Corp grew its holdings in shares of Grupo Financiero Galicia by 1.5% during the 3rd quarter. State Street Corp now owns 84,378 shares of the bank's stock valued at $3,551,000 after acquiring an additional 1,260 shares in the last quarter.

Grupo Financiero Galicia Stock Up 1.3 %

NASDAQ:GGAL traded up $0.70 during trading hours on Tuesday, reaching $55.17. The company's stock had a trading volume of 357,612 shares, compared to its average volume of 1,055,004. 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 $8.14 billion, a price-to-earnings ratio of 8.13 and a beta of 1.85. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The business's 50-day moving average is $60.32 and its 200-day moving average is $57.53.

Remove Ads

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given 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.

Grupo Financiero Galicia Profile

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.