Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,134 shares of the bank’s stock after acquiring an additional 624 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Grupo Financiero Galicia were worth $136,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Grupo Financiero Galicia by 267.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after purchasing an additional 67,312 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $686,000. Jennison Associates LLC raised its position in shares of Grupo Financiero Galicia by 2.2% in the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock valued at $77,834,000 after buying an additional 27,353 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $663,000. Finally, Assenagon Asset Management S.A. boosted its position 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 acquiring an additional 155,969 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GGAL shares. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Up 1.6 %

Grupo Financiero Galicia stock opened at $59.04 on Friday. 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 50-day moving average price of $65.64 and a 200 day moving average price of $52.18. Grupo Financiero Galicia S.A. has a 12-month low of $19.34 and a 12-month 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.