Sagil Capital LLP Has $2.98 Million Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Sagil Capital LLP lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 247.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,860 shares of the bank’s stock after purchasing an additional 34,083 shares during the quarter. Grupo Financiero Galicia accounts for about 1.4% of Sagil Capital LLP’s holdings, making the stock its 8th largest holding. Sagil Capital LLP’s holdings in Grupo Financiero Galicia were worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Grupo Financiero Galicia by 267.2% in the third quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock worth $3,894,000 after buying an additional 67,312 shares during the period. SMART Wealth LLC purchased a new position in Grupo Financiero Galicia during the fourth quarter valued at $295,000. Verde Servicos Internacionais S.A. bought a new stake in Grupo Financiero Galicia during the fourth quarter worth about $686,000. Deltec Asset Management LLC bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $262,000. Finally, Nkcfo LLC bought a new stake in Grupo Financiero Galicia in the fourth quarter worth $312,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded 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 report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

GGAL stock opened at $57.78 on Thursday. The company has a market cap of $8.52 billion, a P/E ratio of 8.51 and a beta of 1.85. 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 1 year low of $23.53 and a 1 year high of $74.00. The stock’s fifty day moving average price is $61.07 and its 200-day moving average price is $57.16.

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.