Activest Wealth Management Buys 26,741 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Activest Wealth Management grew its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 278.4% during the 4th quarter, HoldingsChannel reports. The fund owned 36,345 shares of the bank’s stock after purchasing an additional 26,741 shares during the quarter. Grupo Financiero Galicia comprises 0.6% of Activest Wealth Management’s holdings, making the stock its 21st biggest position. Activest Wealth Management’s holdings in Grupo Financiero Galicia were worth $2,265,000 as of its most recent SEC filing.

Other institutional investors have 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 $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 valued at $136,000 after acquiring an additional 624 shares during the last quarter. Banco Santander S.A. grew its stake in shares of Grupo Financiero Galicia by 12.6% in the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock worth $328,000 after acquiring an additional 872 shares during the period. Blue Trust Inc. raised its holdings 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 purchasing an additional 1,118 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its position in Grupo Financiero Galicia by 4.5% during the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock valued at $1,171,000 after purchasing an additional 1,202 shares during the period.

Grupo Financiero Galicia Trading Down 4.6 %

Shares of GGAL stock opened at $63.59 on Monday. 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 company has a market cap of $9.38 billion, a price-to-earnings ratio of 9.34 and a beta of 1.82. Grupo Financiero Galicia S.A. has a 1 year low of $18.02 and a 1 year high of $74.00. The firm has a fifty day moving average price of $65.51 and a 200-day moving average price of $51.69.

Analyst Ratings Changes

A number of brokerages have weighed in on GGAL. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Monday, December 16th. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Grupo Financiero Galicia currently has a consensus 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.