Bank of New Hampshire Boosts Stock Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Bank of New Hampshire raised its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,514 shares of the bank’s stock after purchasing an additional 6,527 shares during the quarter. Bank of New Hampshire’s holdings in Grupo Financiero Galicia were worth $1,341,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GGAL. Jennison Associates LLC purchased a new position in Grupo Financiero Galicia in the 3rd quarter valued at $51,416,000. Ping Capital Management Inc. purchased a new stake in shares of Grupo Financiero Galicia in the second quarter valued at about $23,611,000. BNP Paribas Financial Markets increased its stake in shares of Grupo Financiero Galicia by 103.8% during the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after acquiring an additional 318,326 shares during the period. William Blair Investment Management LLC purchased a new position in Grupo Financiero Galicia during the second quarter worth about $8,573,000. Finally, Duquesne Family Office LLC lifted its position in Grupo Financiero Galicia by 47.8% in the second quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock valued at $14,539,000 after purchasing an additional 153,900 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Price Performance

GGAL traded up $0.74 during trading on Tuesday, reaching $71.85. 63,925 shares of the stock were exchanged, compared to its average volume of 1,015,361. 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 1 year low of $15.32 and a 1 year high of $73.95. The business’s 50 day moving average price is $59.10 and its two-hundred day moving average price is $45.08.

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.