Alliance Wealth Advisors LLC UT Purchases Shares of 3,498 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Alliance Wealth Advisors LLC UT acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,498 shares of the bank’s stock, valued at approximately $218,000.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Grupo Financiero Galicia by 267.2% in the third quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after buying an additional 67,312 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at $686,000. ABS Direct Equity Fund LLC bought a new position in Grupo Financiero Galicia during the fourth quarter worth $663,000. INCA Investments LLC grew its holdings in Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after purchasing an additional 24,354 shares during the period. Finally, Diversify Wealth Management LLC increased its stake in Grupo Financiero Galicia by 15.5% in the fourth quarter. Diversify Wealth Management LLC now owns 32,128 shares of the bank’s stock valued at $2,002,000 after purchasing an additional 4,309 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GGAL shares. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Grupo Financiero Galicia currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL opened at $65.42 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a one year low of $18.02 and a one year high of $74.00. The firm has a 50-day moving average of $65.00 and a 200-day moving average of $50.93.

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.