Verde Servicos Internacionais S.A. Purchases New Shares in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Verde Servicos Internacionais S.A. bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,000 shares of the bank’s stock, valued at approximately $686,000. Grupo Financiero Galicia accounts for 0.3% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 25th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Banco Santander S.A. increased its position in Grupo Financiero Galicia by 12.6% during the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock valued at $328,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. boosted its stake in Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after purchasing an additional 1,118 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Grupo Financiero Galicia by 4.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock worth $1,171,000 after purchasing an additional 1,202 shares in the last quarter. State Street Corp lifted its holdings in shares of Grupo Financiero Galicia by 1.5% during the third quarter. State Street Corp now owns 84,378 shares of the bank’s stock valued at $3,551,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Grupo Financiero Galicia by 105.7% during the 3rd quarter. Activest Wealth Management now owns 9,604 shares of the bank’s stock valued at $404,000 after acquiring an additional 4,936 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GGAL. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a report on Monday, December 16th. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL stock opened at $64.77 on Tuesday. The stock has a 50 day moving average price of $63.63 and a 200 day moving average price of $49.03. 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 52-week low of $18.02 and a 52-week 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.