10,639 Shares in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Bought by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,639 shares of the bank’s stock, valued at approximately $663,000.

A number of other large investors have also recently made changes to their positions in GGAL. JPMorgan Chase & Co. increased its holdings in Grupo Financiero Galicia by 267.2% in the third 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 last quarter. INCA Investments LLC increased its stake in Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after purchasing an additional 24,354 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Grupo Financiero Galicia by 15.5% during the fourth quarter. Diversify Wealth Management LLC now owns 32,128 shares of the bank’s stock worth $2,002,000 after purchasing an additional 4,309 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Grupo Financiero Galicia by 436.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank’s stock worth $11,945,000 after purchasing an additional 155,969 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $582,000.

Analyst Upgrades and Downgrades

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

Grupo Financiero Galicia Trading Down 5.1 %

Shares of NASDAQ:GGAL opened at $64.77 on Tuesday. Grupo Financiero Galicia S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $74.00. The firm’s 50-day simple moving average is $63.63 and its 200-day simple moving average is $49.03. 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 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.