EverSource Wealth Advisors LLC Acquires 7,286 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

EverSource Wealth Advisors LLC increased its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 60,716.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,298 shares of the bank’s stock after purchasing an additional 7,286 shares during the period. EverSource Wealth Advisors LLC’s holdings in Grupo Financiero Galicia were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GGAL. Marvin & Palmer Associates Inc. boosted its stake in shares of Grupo Financiero Galicia by 84.8% during the 4th quarter. Marvin & Palmer Associates Inc. now owns 39,370 shares of the bank’s stock worth $2,454,000 after acquiring an additional 18,070 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Grupo Financiero Galicia in the 4th quarter worth approximately $466,000. Fourth Sail Capital LP bought a new stake in Grupo Financiero Galicia during the fourth quarter worth approximately $27,369,000. DJE Kapital AG acquired a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $1,843,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $604,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $59.42 on Friday. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 8.75 and a beta of 1.85. The business has a 50 day moving average price of $63.22 and a 200 day moving average price of $56.01. 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 $22.91 and a twelve month high of $74.00.

Analysts Set New Price Targets

Separately, 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 report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.