SMART Wealth LLC Purchases Shares of 4,739 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

SMART Wealth LLC acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,739 shares of the bank’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Grupo Financiero Galicia during the fourth quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 worth $136,000 after acquiring an additional 624 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 acquiring an additional 1,118 shares during the period. Alliance Wealth Advisors LLC UT purchased a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at about $218,000. Finally, NorthRock Partners LLC acquired a new position in Grupo Financiero Galicia in the 3rd quarter worth about $253,000.

Grupo Financiero Galicia Trading Up 4.6 %

Shares of Grupo Financiero Galicia stock opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $65.16 and a two-hundred day simple moving average of $51.02. Grupo Financiero Galicia S.A. has a 12 month low of $18.02 and a 12 month high of $74.00.

Wall Street Analyst Weigh In

Several brokerages have commented on GGAL. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

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.