Quantbot Technologies LP Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Quantbot Technologies LP bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,259 shares of the bank’s stock, valued at approximately $811,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $51,000. NorthRock Partners LLC acquired a new stake in Grupo Financiero Galicia during the third quarter worth approximately $253,000. Banco Santander S.A. bought a new position in Grupo Financiero Galicia during the 2nd quarter worth $211,000. Finally, X Square Capital LLC bought a new position in Grupo Financiero Galicia during the 3rd quarter worth $316,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GGAL shares. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their target price for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, September 4th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research note on Friday, August 30th.

Grupo Financiero Galicia Trading Up 0.6 %

Shares of Grupo Financiero Galicia stock opened at $56.44 on Monday. Grupo Financiero Galicia S.A. has a fifty-two week low of $15.32 and a fifty-two week high of $59.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.11. The company’s 50 day moving average price is $50.84 and its two-hundred day moving average price is $39.81.

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.