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

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 41.3% in the fourth quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GGAL. R Squared Ltd acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,118 shares during the period. Alliance Wealth Advisors LLC UT acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $218,000. NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth approximately $253,000. Finally, XTX Topco Ltd acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at approximately $266,000.

Grupo Financiero Galicia Stock Up 1.6 %

Shares of GGAL opened at $59.04 on Friday. Grupo Financiero Galicia S.A. has a fifty-two week low of $19.34 and a fifty-two week high of $74.00. 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 firm’s 50 day moving average price is $65.64 and its 200 day moving average price is $52.18.

Analyst Ratings Changes

GGAL has been the topic of a number of research reports. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

About Grupo Financiero Galicia

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.