B. Riley Wealth Advisors Inc. Has $523,000 Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

B. Riley Wealth Advisors Inc. lessened its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 35.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,340 shares of the bank’s stock after selling 6,720 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Grupo Financiero Galicia were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $40,000. Banco Santander S.A. bought a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth $211,000. Ping Capital Management Inc. acquired a new stake in shares of Grupo Financiero Galicia during the second quarter worth $23,611,000. Ashton Thomas Private Wealth LLC bought a new stake in Grupo Financiero Galicia in the second quarter valued at about $51,000. Finally, Headlands Technologies LLC increased its holdings in Grupo Financiero Galicia by 573.5% in the second quarter. Headlands Technologies LLC now owns 17,774 shares of the bank’s stock valued at $543,000 after purchasing an additional 15,135 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GGAL. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research report on Monday. JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research note on Friday, August 30th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $61.30 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. The firm has a market capitalization of $9.04 billion, a PE ratio of 8.41 and a beta of 1.87. The stock has a 50 day simple moving average of $55.62 and a 200 day simple moving average of $42.29. Grupo Financiero Galicia S.A. has a 52-week low of $15.32 and a 52-week high of $70.30.

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.