Fourth Sail Capital LP Purchases New Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Fourth Sail Capital LP acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 439,165 shares of the bank’s stock, valued at approximately $27,369,000. Grupo Financiero Galicia accounts for 8.1% of Fourth Sail Capital LP’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of GGAL. R Squared Ltd acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares during the period. Banco Santander S.A. grew its holdings in Grupo Financiero Galicia by 12.6% in the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock valued at $328,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. increased its position in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after buying an additional 1,118 shares during the period. Finally, State Street Corp increased its position in Grupo Financiero Galicia by 1.5% during the 3rd quarter. State Street Corp now owns 84,378 shares of the bank’s stock worth $3,551,000 after buying an additional 1,260 shares during the period.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $57.22 on Monday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 8.43 and a beta of 1.82. Grupo Financiero Galicia S.A. has a fifty-two week low of $20.98 and a fifty-two week high of $74.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $64.82 and a 200-day moving average price of $54.60.

Analyst Ratings Changes

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

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.