Verde Servicos Internacionais S.A. Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Verde Servicos Internacionais S.A. 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 11,000 shares of the bank's stock, valued at approximately $686,000. Grupo Financiero Galicia comprises about 0.3% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 25th biggest position.

A number of other hedge funds have also modified their holdings of GGAL. INCA Investments LLC grew its holdings in shares of Grupo Financiero Galicia by 1.8% during the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank's stock valued at $57,814,000 after buying an additional 24,354 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Grupo Financiero Galicia during the third quarter valued at $51,416,000. BNP Paribas Financial Markets grew 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 buying an additional 318,326 shares in the last quarter. PointState Capital LP grew its holdings in shares of Grupo Financiero Galicia by 15.8% during the third quarter. PointState Capital LP now owns 504,169 shares of the bank's stock valued at $21,220,000 after buying an additional 68,658 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Grupo Financiero Galicia by 436.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank's stock valued at $11,945,000 after buying an additional 155,969 shares in the last quarter.

Wall Street Analysts Forecast Growth

GGAL has been the topic of a number of research analyst reports. Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target on the stock in a report on Monday, December 16th. StockNews.com downgraded 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL traded up $0.44 on Tuesday, reaching $65.21. The stock had a trading volume of 665,177 shares, compared to its average volume of 1,204,750. The business has a 50 day moving average price of $63.63 and a 200 day moving average price of $49.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia S.A. has a 1 year low of $18.02 and a 1 year high of $74.00.

Grupo Financiero Galicia Company 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.