Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 78.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,536 shares of the bank’s stock after purchasing an additional 1,118 shares during the period. Blue Trust Inc.’s holdings in Grupo Financiero Galicia were worth $158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GGAL. Jennison Associates LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $51,416,000. BNP Paribas Financial Markets grew its position in Grupo Financiero Galicia by 103.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock valued at $26,306,000 after acquiring an additional 318,326 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in 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 worth $11,945,000 after purchasing an additional 155,969 shares during the period. Claro Advisors LLC lifted its position in shares of Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock worth $4,537,000 after purchasing an additional 98,496 shares in the last quarter. Finally, PointState Capital LP boosted its stake in shares of Grupo Financiero Galicia by 15.8% in the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after purchasing an additional 68,658 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Stock Performance

Shares of Grupo Financiero Galicia stock opened at $63.70 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 52-week low of $18.02 and a 52-week high of $74.00. The company has a 50 day moving average of $65.16 and a 200 day moving average of $51.02.

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.