Alliance Wealth Advisors LLC UT Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Alliance Wealth Advisors LLC UT bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,498 shares of the bank’s stock, valued at approximately $218,000.

A number of other large investors also recently made changes to their positions in the company. 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 valued at $57,814,000 after buying an additional 24,354 shares during the last quarter. Jennison Associates LLC increased its position in shares of Grupo Financiero Galicia by 2.2% during the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock valued at $77,834,000 after acquiring an additional 27,353 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Grupo Financiero Galicia by 103.8% during the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock valued at $26,306,000 after acquiring an additional 318,326 shares during the last quarter. PointState Capital LP lifted its holdings in Grupo Financiero Galicia by 15.8% during the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock worth $21,220,000 after acquiring an additional 68,658 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in 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 worth $11,945,000 after purchasing an additional 155,969 shares during the last quarter.

Analysts Set New Price Targets

GGAL has been the subject of several research analyst 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 shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Financiero Galicia currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $65.42 on Wednesday. Grupo Financiero Galicia S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $74.00. The business has a 50-day moving average of $65.00 and a 200 day moving average of $50.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11.

Grupo Financiero Galicia Company 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.