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

BNP Paribas Financial Markets raised its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 103.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,003 shares of the bank’s stock after buying an additional 318,326 shares during the quarter. BNP Paribas Financial Markets’ holdings in Grupo Financiero Galicia were worth $26,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in shares of Grupo Financiero Galicia in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new position in Grupo Financiero Galicia during the second quarter worth $51,000. Banco Santander S.A. bought a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $211,000. NorthRock Partners LLC bought a new position in Grupo Financiero Galicia in the 3rd quarter valued at $253,000. Finally, Truist Financial Corp bought a new position in shares of Grupo Financiero Galicia in the second quarter worth about $273,000.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $56.44 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $50.84 and a 200 day moving average price of $39.76. Grupo Financiero Galicia S.A. has a one year low of $15.32 and a one year high of $59.79.

Analysts Set New Price Targets

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

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.