Nkcfo LLC Acquires Shares of 5,000 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Nkcfo LLC bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, Holdings Channel reports. The firm bought 5,000 shares of the bank’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at about $51,416,000. BNP Paribas Financial Markets raised its position in Grupo Financiero Galicia by 103.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after purchasing an additional 318,326 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Grupo Financiero Galicia by 436.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank’s stock worth $11,945,000 after buying an additional 155,969 shares in the last quarter. PointState Capital LP boosted its position in Grupo Financiero Galicia by 15.8% in the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after buying an additional 68,658 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Grupo Financiero Galicia by 267.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after buying an additional 67,312 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GGAL shares. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target on the stock in a report on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One 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, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $58.80 on Friday. The company’s 50 day simple moving average is $65.65 and its 200 day simple moving average is $52.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a fifty-two week low of $19.84 and a fifty-two week high of $74.00.

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.