Virtu Financial LLC Raises Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Virtu Financial LLC lifted its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 86.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,331 shares of the bank’s stock after acquiring an additional 8,036 shares during the quarter. Virtu Financial LLC’s holdings in Grupo Financiero Galicia were worth $1,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after acquiring an additional 624 shares during the last quarter. Blue Trust Inc. increased its position in shares of Grupo Financiero Galicia by 78.8% during the fourth 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 last quarter. Empowered Funds LLC purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $167,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $216,000.

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 price target for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $58.56 on Monday. The stock has a fifty day simple moving average of $61.78 and a two-hundred day simple moving average of $56.91. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 8.62 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.