Wrapmanager Inc. Lowers Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Wrapmanager Inc. decreased its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,736 shares of the bank’s stock after selling 325 shares during the quarter. Wrapmanager Inc.’s holdings in Grupo Financiero Galicia were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Grupo Financiero Galicia by 267.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock worth $3,894,000 after buying an additional 67,312 shares during the period. SMART Wealth LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at about $295,000. Verde Servicos Internacionais S.A. acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth about $686,000. Deltec Asset Management LLC purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at about $262,000. Finally, Activest Wealth Management boosted its holdings in Grupo Financiero Galicia by 278.4% in the 4th quarter. Activest Wealth Management now owns 36,345 shares of the bank’s stock worth $2,265,000 after buying an additional 26,741 shares during the last quarter.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $58.14 on Tuesday. The company’s 50-day moving average is $65.37 and its two-hundred day moving average is $54.09. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 8.56 and a beta of 1.82. 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 1-year low of $20.98 and a 1-year high of $74.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a report on Monday, December 16th. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

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.