Y Intercept Hong Kong Ltd Buys Shares of 9,692 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Y Intercept Hong Kong Ltd bought a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,692 shares of the bank’s stock, valued at approximately $604,000.

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

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $57.22 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $20.98 and a 1-year high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 8.43 and a beta of 1.82. The stock’s fifty day simple moving average is $64.82 and its 200-day simple moving average is $54.46.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. 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 research report on Monday, December 16th. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Grupo Financiero Galicia has an average rating of “Moderate Buy” and an average price target 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.