Diversify Wealth Management LLC Buys 4,309 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Diversify Wealth Management LLC grew its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 15.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,128 shares of the bank’s stock after purchasing an additional 4,309 shares during the period. Diversify Wealth Management LLC’s holdings in Grupo Financiero Galicia were worth $2,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. INCA Investments LLC lifted its position in Grupo Financiero Galicia by 1.8% in the third 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 last quarter. Jennison Associates LLC bought a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth about $51,416,000. BNP Paribas Financial Markets boosted its stake in shares of Grupo Financiero Galicia by 103.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after purchasing an additional 318,326 shares during the period. PointState Capital LP grew its holdings in Grupo Financiero Galicia by 15.8% during the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after purchasing an additional 68,658 shares during the last quarter. Finally, Duquesne Family Office LLC raised its position in Grupo Financiero Galicia by 47.8% in the 2nd quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock worth $14,539,000 after purchasing an additional 153,900 shares during the period.

Grupo Financiero Galicia Stock Down 4.0 %

Shares of GGAL stock opened at $67.07 on Tuesday. Grupo Financiero Galicia S.A. has a twelve month low of $15.74 and a twelve month high of $74.00. 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 fifty day simple moving average of $62.48 and a two-hundred day simple moving average of $47.88.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GGAL shares. Morgan Stanley raised 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. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Financiero Galicia 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.