Sei Investments Co. Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Sei Investments Co. acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 247,850 shares of the bank’s stock, valued at approximately $15,446,000. Sei Investments Co. owned 0.17% of Grupo Financiero Galicia as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Jennison Associates LLC grew its holdings in shares of Grupo Financiero Galicia by 2.2% during the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock valued at $77,834,000 after purchasing an additional 27,353 shares during the last quarter. William Blair Investment Management LLC grew its stake in Grupo Financiero Galicia by 778.9% during the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock worth $56,152,000 after buying an additional 798,542 shares during the last quarter. BNP Paribas Financial Markets increased its position in Grupo Financiero Galicia by 103.8% in the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after buying an additional 318,326 shares during the period. PointState Capital LP lifted its stake in Grupo Financiero Galicia by 15.8% in the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after buying an additional 68,658 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $27,369,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. One 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Down 1.1 %

Shares of Grupo Financiero Galicia stock opened at $55.78 on Friday. 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 P/E ratio of 8.22 and a beta of 1.85. The business’s fifty day moving average price is $60.58 and its two-hundred day moving average price is $57.24. 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 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.