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

Wrapmanager Inc. trimmed its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 4.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,736 shares of the bank’s stock after selling 325 shares during the period. Wrapmanager Inc.’s holdings in Grupo Financiero Galicia were worth $420,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after buying an additional 624 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after buying an additional 1,118 shares during the period. Empowered Funds LLC acquired a new position in Grupo Financiero Galicia during the 4th quarter worth about $167,000. Finally, Burns Matteson Capital Management LLC purchased a new position in Grupo Financiero Galicia during the 4th quarter valued at about $216,000.

Grupo Financiero Galicia Trading Down 1.3 %

NASDAQ GGAL opened at $58.14 on Tuesday. Grupo Financiero Galicia S.A. has a 52 week low of $20.98 and a 52 week high of $74.00. The firm has a 50 day moving average of $65.37 and a two-hundred day moving average of $54.09. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $8.57 billion, a PE ratio of 8.56 and a beta of 1.82.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GGAL shares. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and a consensus 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.