Activest Wealth Management Increases Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Activest Wealth Management boosted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 278.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,345 shares of the bank’s stock after buying an additional 26,741 shares during the quarter. Grupo Financiero Galicia makes up approximately 0.6% of Activest Wealth Management’s portfolio, making the stock its 21st biggest position. Activest Wealth Management’s holdings in Grupo Financiero Galicia were worth $2,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after purchasing an additional 624 shares during the period. Blue Trust Inc. lifted its position in Grupo Financiero Galicia by 78.8% in 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. Empowered Funds LLC purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $167,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $218,000.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $63.59 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a twelve month low of $18.02 and a twelve month high of $74.00. The stock has a market cap of $9.38 billion, a P/E ratio of 9.34 and a beta of 1.82. The firm’s fifty day simple moving average is $65.51 and its 200 day simple moving average is $51.69.

Wall Street Analyst Weigh In

A number of research firms recently commented on GGAL. StockNews.com lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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.