State Street Corp Purchases 1,260 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

State Street Corp boosted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1.5% in the 3rd quarter, Holdings Channel reports. The firm owned 84,378 shares of the bank’s stock after buying an additional 1,260 shares during the quarter. State Street Corp’s holdings in Grupo Financiero Galicia were worth $3,551,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. William Blair Investment Management LLC purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at $8,573,000. INCA Investments LLC increased its stake in Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after buying an additional 24,354 shares during the period. Turim 21 Investimentos Ltda. bought a new stake in Grupo Financiero Galicia during the 2nd quarter valued at about $453,000. B. Riley Wealth Advisors Inc. bought a new stake in Grupo Financiero Galicia during the 2nd quarter valued at about $582,000. Finally, Claro Advisors LLC boosted its position in Grupo Financiero Galicia by 1,058.6% in the 3rd quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock valued at $4,537,000 after buying an additional 98,496 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GGAL shares. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, September 4th. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Morgan Stanley raised 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 note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Trading Down 2.3 %

GGAL opened at $62.82 on Tuesday. 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 firm has a market cap of $9.26 billion, a price-to-earnings ratio of 8.62 and a beta of 1.87. Grupo Financiero Galicia S.A. has a 12 month low of $15.32 and a 12 month high of $70.30. The stock has a fifty day moving average price of $57.63 and a 200-day moving average price of $43.93.

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.