William Blair Investment Management LLC Purchases 798,542 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

William Blair Investment Management LLC raised its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 778.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 901,065 shares of the bank’s stock after purchasing an additional 798,542 shares during the quarter. William Blair Investment Management LLC’s holdings in Grupo Financiero Galicia were worth $56,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Grupo Financiero Galicia during the 4th quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares in the last quarter. Blue Trust Inc. increased its stake in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,118 shares in the last quarter. Empowered Funds LLC bought a new stake in Grupo Financiero Galicia during the 4th quarter valued at about $167,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Grupo Financiero Galicia during the 4th quarter valued at about $216,000.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $58.30 on Tuesday. The firm’s 50-day moving average price is $62.96 and its 200-day moving average price is $56.45. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.60 billion, a PE ratio of 8.59 and a beta of 1.85. Grupo Financiero Galicia S.A. has a 52-week low of $23.42 and a 52-week high of $74.00.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

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.