Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Purchased by Activest Wealth Management

Activest Wealth Management grew its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 105.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,604 shares of the bank’s stock after purchasing an additional 4,936 shares during the quarter. Activest Wealth Management’s holdings in Grupo Financiero Galicia were worth $404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in Grupo Financiero Galicia during the 2nd quarter worth approximately $51,000. NorthRock Partners LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter valued at $253,000. Banco Santander S.A. acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $211,000. Finally, X Square Capital LLC acquired a new stake in Grupo Financiero Galicia in the third quarter valued at approximately $316,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GGAL. 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 report on Friday, August 30th. Citigroup raised 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. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $36.00 in a research note on Thursday, August 8th.

Grupo Financiero Galicia Stock Performance

NASDAQ GGAL traded up $0.24 during mid-day trading on Thursday, hitting $57.90. The stock had a trading volume of 69,984 shares, compared to its average volume of 1,017,837. The company has a 50 day simple moving average of $49.35 and a 200 day simple moving average of $38.78. Grupo Financiero Galicia S.A. has a 52-week low of $13.06 and a 52-week high of $59.79.

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.