Headlands Technologies LLC Has $1.78 Million Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Headlands Technologies LLC boosted its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,520 shares of the bank’s stock after buying an additional 1,456 shares during the period. Headlands Technologies LLC’s holdings in Grupo Financiero Galicia were worth $1,777,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter worth $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 worth $136,000 after acquiring an additional 624 shares during the last quarter. Blue Trust Inc. boosted its holdings in Grupo Financiero Galicia by 78.8% in the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at approximately $167,000.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Stock Up 1.4 %

Grupo Financiero Galicia stock opened at $55.21 on Wednesday. The company has a market capitalization of $8.14 billion, a PE ratio of 8.13 and a beta of 1.85. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00. The firm’s fifty day moving average is $60.02 and its 200 day moving average is $57.60. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

About Grupo Financiero Galicia

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.