RWC Asset Advisors US LLC Has $27.28 Million Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

RWC Asset Advisors US LLC lowered its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,721 shares of the bank’s stock after selling 264,671 shares during the quarter. Grupo Financiero Galicia comprises 5.4% of RWC Asset Advisors US LLC’s portfolio, making the stock its 8th biggest holding. RWC Asset Advisors US LLC owned 0.30% of Grupo Financiero Galicia worth $27,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GGAL. Assenagon Asset Management S.A. purchased a new position in Grupo Financiero Galicia during the third quarter valued at approximately $1,503,000. Diversify Wealth Management LLC raised its position in shares of Grupo Financiero Galicia by 4.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock valued at $1,171,000 after purchasing an additional 1,202 shares during the period. NorthRock Partners LLC purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at $253,000. INCA Investments LLC boosted its holdings in Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after buying an additional 24,354 shares during the period. Finally, Jennison Associates LLC purchased a new stake in Grupo Financiero Galicia in the 3rd quarter worth $51,416,000.

Analysts Set New Price Targets

GGAL has been the topic of several research analyst reports. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Stock Performance

GGAL opened at $58.92 on Monday. The firm has a 50-day simple moving average of $65.56 and a two-hundred day simple moving average of $53.91. 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 52 week low of $20.86 and a 52 week high of $74.00.

Grupo Financiero Galicia 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.