Yorktown Management & Research Co Inc purchased a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,450 shares of the bank's stock, valued at approximately $464,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of Grupo Financiero Galicia by 78.8% in the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after purchasing an additional 1,118 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $218,000. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia in the third quarter worth approximately $253,000. Finally, XTX Topco Ltd purchased a new stake in shares of Grupo Financiero Galicia in the third quarter worth approximately $266,000.
Grupo Financiero Galicia Price Performance
Shares of GGAL opened at $65.42 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $65.00 and a 200 day moving average of $50.93. Grupo Financiero Galicia S.A. has a 12 month low of $18.02 and a 12 month high of $74.00.
Analyst Ratings Changes
GGAL has been the subject of several analyst reports. 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 note 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.00.
Read Our Latest Report on GGAL
Grupo Financiero Galicia Company Profile
(
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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