Moerus Capital Management LLC Lowers Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Moerus Capital Management LLC lowered its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 48.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,878 shares of the bank’s stock after selling 58,339 shares during the period. Grupo Financiero Galicia makes up about 1.4% of Moerus Capital Management LLC’s portfolio, making the stock its 9th largest holding. Moerus Capital Management LLC’s holdings in Grupo Financiero Galicia were worth $3,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia during the fourth quarter worth about $34,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after buying an additional 624 shares during the period. Blue Trust Inc. lifted its holdings in shares of Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after acquiring an additional 1,118 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $167,000.

Grupo Financiero Galicia Stock Down 10.0 %

Shares of GGAL opened at $48.24 on Friday. 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 52 week low of $23.53 and a 52 week high of $74.00. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 7.10 and a beta of 1.60. The stock has a fifty day moving average of $59.01 and a 200-day moving average of $57.67.

Wall Street Analysts Forecast Growth

Separately, 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 report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.