Axiom Investors LLC DE Has $94.79 Million Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Axiom Investors LLC DE boosted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1,723.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,520,960 shares of the bank’s stock after purchasing an additional 1,437,570 shares during the period. Axiom Investors LLC DE’s holdings in Grupo Financiero Galicia were worth $94,786,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GGAL. R Squared Ltd acquired a new position in Grupo Financiero Galicia during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $136,000 after acquiring an additional 624 shares during the period. Blue Trust Inc. lifted its holdings in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $167,000.

Grupo Financiero Galicia Stock Performance

GGAL opened at $55.78 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $60.58 and a 200 day simple moving average of $57.45. Grupo Financiero Galicia S.A. has a 1 year low of $23.53 and a 1 year high of $74.00. The company has a market capitalization of $8.23 billion, a PE ratio of 8.22 and a beta of 1.85.

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 target on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

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.