Wrapmanager Inc. Has $297,000 Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Wrapmanager Inc. decreased its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,061 shares of the bank’s stock after selling 1,423 shares during the period. Wrapmanager Inc.’s holdings in Grupo Financiero Galicia were worth $297,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PEAK6 Investments LLC lifted its position in shares of Grupo Financiero Galicia by 135.8% during the 1st quarter. PEAK6 Investments LLC now owns 64,480 shares of the bank’s stock worth $1,639,000 after purchasing an additional 244,580 shares during the last quarter. Rokos Capital Management LLP raised its stake in Grupo Financiero Galicia by 58.7% during the 1st quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank’s stock valued at $14,559,000 after purchasing an additional 211,870 shares during the last quarter. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia in the 2nd quarter valued at $40,000. SeaCrest Wealth Management LLC acquired a new stake in Grupo Financiero Galicia in the 2nd quarter worth $306,000. Finally, Banco Santander S.A. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth about $211,000.

Grupo Financiero Galicia Stock Down 3.6 %

Shares of GGAL stock opened at $57.03 on Wednesday. The stock’s fifty day simple moving average is $48.75 and its 200 day simple moving average is $38.49. Grupo Financiero Galicia S.A. has a one year low of $13.06 and a one year high of $59.79.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, September 4th. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $36.00 in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a report on Friday, August 30th.

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.