Blue Trust Inc. Increases Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Blue Trust Inc. lifted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 78.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,536 shares of the bank’s stock after acquiring an additional 1,118 shares during the quarter. Blue Trust Inc.’s holdings in Grupo Financiero Galicia were worth $158,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Crocodile Capital Partners GmbH purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $623,000. Systrade AG purchased a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $935,000. Diversify Wealth Management LLC boosted its holdings in shares of Grupo Financiero Galicia by 15.5% in the fourth quarter. Diversify Wealth Management LLC now owns 32,128 shares of the bank’s stock valued at $2,002,000 after acquiring an additional 4,309 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Grupo Financiero Galicia by 436.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank’s stock valued at $11,945,000 after acquiring an additional 155,969 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Grupo Financiero Galicia during the fourth quarter worth approximately $386,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GGAL. Morgan Stanley upgraded 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 note on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $63.70 on Thursday. Grupo Financiero Galicia S.A. has a 1 year low of $18.02 and a 1 year high of $74.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average is $65.16 and its two-hundred day moving average is $51.02.

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.