Arrowstreet Capital Limited Partnership Boosts Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Arrowstreet Capital Limited Partnership increased its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,575 shares of the bank’s stock after buying an additional 30,980 shares during the period. Arrowstreet Capital Limited Partnership owned 0.71% of Grupo Financiero Galicia worth $65,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GGAL. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after acquiring an additional 624 shares during the period. Blue Trust Inc. raised its stake in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,118 shares during the period. Empowered Funds LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $167,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Grupo Financiero Galicia in the 4th quarter valued at $216,000.

Grupo Financiero Galicia Stock Down 2.3 %

NASDAQ:GGAL opened at $54.47 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $60.32 and its two-hundred day moving average is $57.53. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. The company has a market cap of $8.03 billion, a PE ratio of 8.02 and a beta of 1.85.

Wall Street Analysts Forecast Growth

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 research note 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. According to MarketBeat.com, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.