Turim 21 Investimentos Ltda. Purchases 17,746 Shares of Grupo Financiero Galicia S.A. $GGAL

Turim 21 Investimentos Ltda. lifted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 74.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,586 shares of the bank’s stock after buying an additional 17,746 shares during the period. Grupo Financiero Galicia comprises 0.6% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 16th largest position. Turim 21 Investimentos Ltda.’s holdings in Grupo Financiero Galicia were worth $1,942,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at about $39,000. State of Wyoming bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at about $74,000. Leonteq Securities AG boosted its holdings in Grupo Financiero Galicia by 563.2% during the 1st quarter. Leonteq Securities AG now owns 2,036 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,729 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Grupo Financiero Galicia by 4,942.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,118 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,076 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Grupo Financiero Galicia during the 2nd quarter worth approximately $151,000.

Insider Buying and Selling at Grupo Financiero Galicia

In other Grupo Financiero Galicia news, Director Silvestre Vila Moret purchased 224,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average price of $5.36 per share, for a total transaction of $1,200,640.00. Following the completion of the purchase, the director directly owned 3,000,000 shares of the company’s stock, valued at $16,080,000. This trade represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 802,791 shares of company stock valued at $4,253,109 in the last three months.

Analysts Set New Price Targets

GGAL has been the topic of several analyst reports. Zacks Research raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of Grupo Financiero Galicia from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Grupo Financiero Galicia from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $49.30 on Monday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 21.72, a PEG ratio of 0.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.16. Grupo Financiero Galicia S.A. has a one year low of $25.89 and a one year high of $62.51. The company’s 50-day simple moving average is $50.04 and its 200 day simple moving average is $48.25.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.70 billion. As a group, analysts forecast that Grupo Financiero Galicia S.A. will post 3.74 EPS for the current fiscal year.

About Grupo Financiero Galicia

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.