Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Holdings Raised by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. boosted its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 22.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,670 shares of the bank’s stock after buying an additional 4,010 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Grupo Financiero Galicia were worth $1,350,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 67,312 shares in the last quarter. SMART Wealth LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter worth approximately $295,000. Verde Servicos Internacionais S.A. bought a new position in Grupo Financiero Galicia during the 4th quarter valued at $686,000. Deltec Asset Management LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at $262,000. Finally, Nkcfo LLC bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $312,000.

Grupo Financiero Galicia Stock Performance

Shares of GGAL opened at $55.21 on Wednesday. The company has a 50-day moving average of $60.02 and a two-hundred day moving average of $57.60. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 8.13 and a beta of 1.85. 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 $23.53 and a one year high of $74.00.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Company 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.