CIBC Private Wealth Group LLC Acquires Shares of 540 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 540 shares of the bank’s stock, valued at approximately $34,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 624 shares in the last quarter. Blue Trust Inc. grew 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 purchasing an additional 1,118 shares in the last quarter. Empowered Funds LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $167,000. Finally, Burns Matteson Capital Management LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at approximately $216,000.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $52.17 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. The stock has a 50 day simple moving average of $57.11 and a 200-day simple moving average of $57.66. The company has a market cap of $7.69 billion, a PE ratio of 7.68 and a beta of 1.60. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia 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.