BNP Paribas Financial Markets Acquires 318,326 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

BNP Paribas Financial Markets lifted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 103.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 625,003 shares of the bank’s stock after buying an additional 318,326 shares during the period. BNP Paribas Financial Markets’ holdings in Grupo Financiero Galicia were worth $26,306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth $40,000. SeaCrest Wealth Management LLC bought a new position in Grupo Financiero Galicia in the 2nd quarter valued at $306,000. Banco Santander S.A. bought a new stake in Grupo Financiero Galicia during the second quarter valued at $211,000. Ping Capital Management Inc. purchased a new position in shares of Grupo Financiero Galicia during the second quarter worth about $23,611,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Grupo Financiero Galicia in the second quarter valued at approximately $51,000.

Wall Street Analyst Weigh In

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

Grupo Financiero Galicia Trading Up 0.6 %

Grupo Financiero Galicia stock opened at $56.44 on Friday. Grupo Financiero Galicia S.A. has a 12 month low of $15.32 and a 12 month high of $59.79. The stock has a fifty day simple moving average of $50.84 and a two-hundred day simple moving average of $39.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.01.

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.