Claro Advisors LLC Has $4.54 Million Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Claro Advisors LLC lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1,058.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,800 shares of the bank’s stock after buying an additional 98,496 shares during the period. Claro Advisors LLC owned about 0.07% of Grupo Financiero Galicia worth $4,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New Hampshire acquired a new position in Grupo Financiero Galicia during the third quarter valued at approximately $631,000. Truist Financial Corp acquired a new position in Grupo Financiero Galicia during the second quarter valued at approximately $273,000. B. Riley Wealth Advisors Inc. acquired a new position in Grupo Financiero Galicia during the second quarter valued at approximately $582,000. Duquesne Family Office LLC boosted its position in Grupo Financiero Galicia by 47.8% during the second quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock valued at $14,539,000 after purchasing an additional 153,900 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new position in Grupo Financiero Galicia during the second quarter valued at approximately $453,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL traded up $0.33 during mid-day trading on Friday, hitting $49.15. 38,684 shares of the stock traded hands, compared to its average volume of 1,022,537. The company has a market cap of $7.25 billion, a PE ratio of 6.77 and a beta of 1.93. Grupo Financiero Galicia S.A. has a twelve month low of $10.57 and a twelve month high of $51.02. The firm has a 50 day simple moving average of $41.43 and a two-hundred day simple moving average of $34.62.

Grupo Financiero Galicia Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were given a $0.7248 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target for the company in a research report on Friday, August 30th. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, September 4th.

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.