NorthRock Partners LLC Makes New $253,000 Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

NorthRock Partners LLC acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 6,000 shares of the bank’s stock, valued at approximately $253,000.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth $51,000. Headlands Technologies LLC acquired a new stake in Grupo Financiero Galicia in the 1st quarter valued at $67,000. Banco Santander S.A. bought a new stake in Grupo Financiero Galicia during the 2nd quarter valued at $211,000. Finally, Truist Financial Corp acquired a new position in Grupo Financiero Galicia during the second quarter worth $273,000.

Grupo Financiero Galicia Trading Up 6.1 %

Shares of GGAL stock opened at $54.94 on Thursday. Grupo Financiero Galicia S.A. has a one year low of $11.48 and a one year high of $57.24. The firm has a 50-day moving average of $46.38 and a 200-day moving average of $37.08.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were given a dividend of $0.7248 per share. The ex-dividend date was Monday, August 19th. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio (DPR) is currently 37.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GGAL. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, September 4th. Bank of America upgraded Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price target for the company from $28.00 to $36.00 in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a report on Friday, August 30th. Finally, StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday.

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.