Systrade AG Makes New $935,000 Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Systrade AG bought 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 13F filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the bank’s stock, valued at approximately $935,000. Grupo Financiero Galicia accounts for 1.5% of Systrade AG’s portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NorthRock Partners LLC bought a new stake in shares of Grupo Financiero Galicia during the third quarter valued at approximately $253,000. Harbour Capital Advisors LLC purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at $386,000. XTX Topco Ltd purchased a new position in shares of Grupo Financiero Galicia in the third quarter valued at $266,000. Quadrature Capital Ltd purchased a new position in shares of Grupo Financiero Galicia in the third quarter valued at $278,000. Finally, X Square Capital LLC purchased a new position in shares of Grupo Financiero Galicia in the third quarter valued at $316,000.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $67.07 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia S.A. has a 12 month low of $15.74 and a 12 month high of $74.00. The stock’s 50 day simple moving average is $62.21 and its two-hundred day simple moving average is $47.61.

Wall Street Analyst Weigh In

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

Grupo Financiero Galicia 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.