SMART Wealth LLC Purchases New Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

SMART Wealth LLC acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,739 shares of the bank’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GGAL. Truist Financial Corp purchased a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth $273,000. Claro Advisors LLC raised its stake in Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock worth $4,537,000 after purchasing an additional 98,496 shares during the period. X Square Capital LLC acquired a new position in Grupo Financiero Galicia in the 3rd quarter valued at about $316,000. Assenagon Asset Management S.A. purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at approximately $1,503,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of Grupo Financiero Galicia by 4.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock worth $1,171,000 after buying an additional 1,202 shares during the last quarter.

Grupo Financiero Galicia Trading Up 4.6 %

Grupo Financiero Galicia stock opened at $66.65 on Friday. 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 50 day moving average price of $65.16 and a 200 day moving average price of $51.02. Grupo Financiero Galicia S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $74.00.

Analysts Set New Price Targets

A number of research firms recently commented on GGAL. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. StockNews.com lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.