Northwest & Ethical Investments L.P. Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Northwest & Ethical Investments L.P. purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,543 shares of the bank’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Grupo Financiero Galicia by 267.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after purchasing an additional 67,312 shares in the last quarter. SMART Wealth LLC bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $295,000. Verde Servicos Internacionais S.A. bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $686,000. Deltec Asset Management LLC bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $262,000. Finally, Nkcfo LLC bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $312,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Stock Up 3.9 %

Shares of NASDAQ:GGAL opened at $58.56 on Friday. The business’s 50 day simple moving average is $61.78 and its two-hundred day simple moving average is $56.70. The firm has a market cap of $8.64 billion, a P/E ratio of 8.62 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00.

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.