Gemsstock Ltd. Purchases New Shares in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Gemsstock Ltd. bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 227,307 shares of the bank’s stock, valued at approximately $14,166,000. Grupo Financiero Galicia makes up 2.8% of Gemsstock Ltd.’s portfolio, making the stock its 10th biggest holding. Gemsstock Ltd. owned approximately 0.15% of Grupo Financiero Galicia at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Axiom Investors LLC DE boosted its position in Grupo Financiero Galicia by 1,723.9% in the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank’s stock worth $94,786,000 after purchasing an additional 1,437,570 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Grupo Financiero Galicia by 2.2% in the 4th quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock worth $77,834,000 after buying an additional 27,353 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Financiero Galicia by 3.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank’s stock worth $65,472,000 after buying an additional 30,980 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock worth $56,152,000 after buying an additional 798,542 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth about $27,369,000.

Grupo Financiero Galicia Price Performance

Shares of Grupo Financiero Galicia stock opened at $48.24 on Friday. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 7.10 and a beta of 1.60. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00. The company has a fifty day moving average of $59.01 and a 200-day moving average of $57.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Ratings Changes

Separately, Morgan Stanley raised 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 report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Financiero Galicia currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia 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.