Ashton Thomas Private Wealth LLC Buys Shares of 1,517 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Ashton Thomas Private Wealth LLC bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,517 shares of the bank’s stock, valued at approximately $51,000.

Several other large investors have also modified their holdings of GGAL. Banco Santander S.A. acquired a new position in Grupo Financiero Galicia in the 2nd quarter valued at $211,000. Virtu Financial LLC increased its stake in shares of Grupo Financiero Galicia by 78.5% during the fourth quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock worth $653,000 after acquiring an additional 16,628 shares during the period. Headlands Technologies LLC purchased a new position in Grupo Financiero Galicia during the first quarter worth about $67,000. AdvisorShares Investments LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at about $516,000. Finally, Norden Group LLC purchased a new stake in Grupo Financiero Galicia in the 1st quarter valued at approximately $383,000.

Grupo Financiero Galicia Stock Up 3.6 %

Shares of GGAL stock opened at $45.06 on Monday. The stock has a fifty day moving average price of $33.25 and a 200 day moving average price of $31.14. Grupo Financiero Galicia S.A. has a 1 year low of $10.57 and a 1 year high of $45.14.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a $0.7248 dividend. The ex-dividend date was Monday, August 19th. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14.

Analysts Set New Price Targets

Several research firms have recently commented on GGAL. StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, September 4th. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and upped their price target for the stock from $28.00 to $36.00 in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a research note on Friday, August 30th.

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.