Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Shilanski & Associates Inc.

Shilanski & Associates Inc. decreased its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,126 shares of the bank’s stock after selling 918 shares during the quarter. Shilanski & Associates Inc.’s holdings in Grupo Financiero Galicia were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GGAL. JPMorgan Chase & Co. grew its stake in Grupo Financiero Galicia by 267.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after acquiring an additional 67,312 shares during the last quarter. INCA Investments LLC lifted its holdings in shares of Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after purchasing an additional 24,354 shares in the last quarter. Diversify Wealth Management LLC grew its position in shares of Grupo Financiero Galicia by 15.5% in the fourth quarter. Diversify Wealth Management LLC now owns 32,128 shares of the bank’s stock valued at $2,002,000 after purchasing an additional 4,309 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $582,000. Finally, Claro Advisors LLC increased its stake in shares of Grupo Financiero Galicia by 1,058.6% during the 3rd quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock worth $4,537,000 after purchasing an additional 98,496 shares in the last quarter.

Wall Street Analysts Forecast Growth

GGAL has been the topic of a number of recent research reports. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $68.90 on Friday. The company has a 50 day moving average price of $63.10 and a two-hundred day moving average price of $48.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a one year low of $18.02 and a one year high of $74.00.

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.