Systrade AG bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the bank's stock, valued at approximately $935,000. Grupo Financiero Galicia comprises about 1.5% of Systrade AG's portfolio, making the stock its 11th biggest position.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at approximately $253,000. XTX Topco Ltd acquired a new stake in Grupo Financiero Galicia during the 3rd quarter valued at $266,000. Truist Financial Corp purchased a new stake in shares of Grupo Financiero Galicia in the second quarter valued at $273,000. Quadrature Capital Ltd purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $278,000. Finally, X Square Capital LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter worth $316,000.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. StockNews.com downgraded Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target for the company in a research report 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.00.
Get Our Latest Report on Grupo Financiero Galicia
Grupo Financiero Galicia Stock Performance
NASDAQ GGAL traded down $2.83 on Monday, reaching $67.07. The stock had a trading volume of 1,614,404 shares, compared to its average volume of 989,726. Grupo Financiero Galicia S.A. has a 1 year low of $15.74 and a 1 year high of $74.00. The business has a 50 day moving average price of $62.48 and a 200 day moving average price of $47.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.
About Grupo Financiero Galicia
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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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