XTX Topco Ltd Purchases Shares of 6,311 Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

XTX Topco Ltd acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,311 shares of the bank’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GGAL. State Street Corp boosted its stake in Grupo Financiero Galicia by 1.5% in the 3rd quarter. State Street Corp now owns 84,378 shares of the bank’s stock worth $3,551,000 after buying an additional 1,260 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Grupo Financiero Galicia in the third quarter worth approximately $278,000. PointState Capital LP grew its holdings in Grupo Financiero Galicia by 15.8% in the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after purchasing an additional 68,658 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Grupo Financiero Galicia during the third quarter worth approximately $1,852,000. Finally, Benjamin Edwards Inc. purchased a new position in Grupo Financiero Galicia during the third quarter worth approximately $367,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $63.33 on Thursday. 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 $15.32 and a 1-year high of $70.30. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 8.69 and a beta of 1.87. The business has a 50-day moving average of $55.02 and a 200-day moving average of $42.01.

Analysts Set New Price Targets

GGAL has been the subject of a number of research analyst reports. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, September 4th. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley upgraded 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. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.