Diversify Wealth Management LLC Buys 4,309 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Diversify Wealth Management LLC lifted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,128 shares of the bank’s stock after acquiring an additional 4,309 shares during the quarter. Diversify Wealth Management LLC’s holdings in Grupo Financiero Galicia were worth $2,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Grupo Financiero Galicia by 267.2% during the third 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. INCA Investments LLC lifted its stake in shares of Grupo Financiero Galicia by 1.8% during the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after buying an additional 24,354 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new position in Grupo Financiero Galicia in the 2nd quarter worth $453,000. B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth $582,000. Finally, Claro Advisors LLC raised its holdings in Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock valued at $4,537,000 after acquiring an additional 98,496 shares during the period.

Wall Street Analysts Forecast Growth

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

Grupo Financiero Galicia Trading Down 4.0 %

NASDAQ:GGAL opened at $67.07 on Tuesday. Grupo Financiero Galicia S.A. has a 1 year low of $15.74 and a 1 year high of $74.00. The stock’s 50 day simple moving average is $62.48 and its two-hundred day simple moving average is $47.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.