William Blair Investment Management LLC Purchases 798,542 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

William Blair Investment Management LLC grew its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 778.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 901,065 shares of the bank's stock after purchasing an additional 798,542 shares during the period. William Blair Investment Management LLC owned about 0.61% of Grupo Financiero Galicia worth $56,152,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC purchased a new position in Grupo Financiero Galicia during the third quarter valued at approximately $51,416,000. Banco Santander S.A. grew its holdings in shares of Grupo Financiero Galicia by 12.6% during the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock valued at $328,000 after acquiring an additional 872 shares in the last quarter. Activest Wealth Management increased its stake in shares of Grupo Financiero Galicia by 105.7% in the third quarter. Activest Wealth Management now owns 9,604 shares of the bank's stock worth $404,000 after acquiring an additional 4,936 shares during the last quarter. Sagil Capital LLP purchased a new stake in shares of Grupo Financiero Galicia during the third quarter worth $580,000. Finally, Quantbot Technologies LP acquired a new stake in Grupo Financiero Galicia during the third quarter valued at $811,000.

Grupo Financiero Galicia Stock Up 3.9 %

Shares of GGAL traded up $2.20 during trading hours on Friday, hitting $58.56. 763,907 shares of the company were exchanged, compared to its average volume of 1,042,602. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $8.64 billion, a PE ratio of 8.62 and a beta of 1.85. The firm's 50 day moving average is $62.05 and its 200-day moving average is $56.56. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00.

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Analyst Ratings Changes

Separately, Morgan Stanley raised Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.