6,310 Shares in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,310 shares of the bank’s stock, valued at approximately $393,000.

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Grupo Financiero Galicia by 267.2% during the third quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after purchasing an additional 67,312 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new position in Grupo Financiero Galicia during the 4th quarter valued at approximately $686,000. ABS Direct Equity Fund LLC purchased a new position in Grupo Financiero Galicia during the fourth quarter valued at $663,000. Assenagon Asset Management S.A. boosted its holdings 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 acquiring an additional 155,969 shares in the last quarter. Finally, INCA Investments LLC grew its stake in shares of 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 acquiring an additional 24,354 shares during the last quarter.

Grupo Financiero Galicia Stock Down 4.6 %

Shares of NASDAQ:GGAL opened at $63.59 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 1 year low of $18.02 and a 1 year high of $74.00. The stock’s fifty day moving average price is $65.37 and its 200-day moving average price is $51.13.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GGAL shares. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.