Shilanski & Associates Inc. Trims Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Shilanski & Associates Inc. reduced its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,126 shares of the bank’s stock after selling 918 shares during the period. Shilanski & Associates Inc.’s holdings in Grupo Financiero Galicia were worth $506,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Duquesne Family Office LLC raised its stake in Grupo Financiero Galicia by 47.8% during the 2nd quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock valued at $14,539,000 after acquiring an additional 153,900 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grupo Financiero Galicia during the second quarter worth approximately $582,000. Truist Financial Corp acquired a new stake in shares of Grupo Financiero Galicia during the second quarter worth $273,000. Bank of New Hampshire purchased a new position in Grupo Financiero Galicia in the 3rd quarter valued at $631,000. Finally, Claro Advisors LLC increased its stake 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.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $68.90 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. Grupo Financiero Galicia S.A. has a 52-week low of $18.02 and a 52-week high of $74.00. The company has a 50-day simple moving average of $63.10 and a 200-day simple moving average of $48.34.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Monday, December 16th. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.