Beverly Hills Private Wealth LLC Grows Stock Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Beverly Hills Private Wealth LLC lifted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,212 shares of the bank’s stock after purchasing an additional 452 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Grupo Financiero Galicia were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GGAL. Banco Santander S.A. purchased a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $211,000. Virtu Financial LLC grew its position in shares of Grupo Financiero Galicia by 78.5% in the fourth quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock valued at $653,000 after purchasing an additional 16,628 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Grupo Financiero Galicia during the first quarter worth about $67,000. AdvisorShares Investments LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth about $516,000. Finally, Norden Group LLC acquired a new stake in Grupo Financiero Galicia in the 1st quarter worth about $383,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a report on Friday, August 30th. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $36.00 in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Grupo Financiero Galicia Stock Up 3.6 %

NASDAQ GGAL opened at $45.06 on Friday. The firm’s 50-day moving average is $32.92 and its two-hundred day moving average is $30.85. Grupo Financiero Galicia S.A. has a 12 month low of $10.57 and a 12 month high of $45.14.

Grupo Financiero Galicia Increases Dividend

The business also recently announced a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were issued a $0.7248 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Grupo Financiero Galicia’s previous — dividend of $0.14.

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.