Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,102 shares of the bank’s stock after purchasing an additional 618 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Grupo Financiero Galicia were worth $380,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in Grupo Financiero Galicia in the 4th quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 valued at $136,000 after acquiring an additional 624 shares during the last quarter. Blue Trust Inc. increased its position in Grupo Financiero Galicia by 78.8% during the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after buying an additional 1,118 shares during the period. Empowered Funds LLC purchased a new position in Grupo Financiero Galicia during the 4th quarter worth $167,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth approximately $216,000.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $48.24 on Monday. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $59.01 and a two-hundred day moving average of $57.75. The stock has a market cap of $7.11 billion, a P/E ratio of 7.10 and a beta of 1.60.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.