Empowered Funds LLC Takes $167,000 Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Empowered Funds LLC bought a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,685 shares of the bank’s stock, valued at approximately $167,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Grupo Financiero Galicia in the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after acquiring an additional 624 shares during the period. Banco Santander S.A. lifted its stake in Grupo Financiero Galicia by 12.6% in the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock worth $328,000 after acquiring an additional 872 shares during the period. Blue Trust Inc. lifted its stake in 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 acquiring an additional 1,118 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in Grupo Financiero Galicia by 4.5% in the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock worth $1,171,000 after acquiring an additional 1,202 shares during the period.

Analysts Set New Price Targets

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

Grupo Financiero Galicia Stock Performance

GGAL opened at $58.92 on Friday. The firm’s 50-day moving average price is $65.56 and its 200-day moving average price is $53.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia S.A. has a 52-week low of $20.86 and a 52-week 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.