NorthRock Partners LLC Invests $253,000 in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

NorthRock Partners LLC purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,000 shares of the bank’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beverly Hills Private Wealth LLC lifted its stake in Grupo Financiero Galicia by 5.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 9,212 shares of the bank’s stock valued at $282,000 after purchasing an additional 452 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Grupo Financiero Galicia by 4.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock valued at $1,171,000 after acquiring an additional 1,202 shares during the last quarter. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia during the 2nd quarter worth $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia in the 2nd quarter worth about $51,000. Finally, Headlands Technologies LLC bought a new position in Grupo Financiero Galicia in the first quarter valued at about $67,000.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL opened at $54.94 on Thursday. Grupo Financiero Galicia S.A. has a fifty-two week low of $11.48 and a fifty-two week high of $57.24. The company has a 50 day simple moving average of $46.38 and a two-hundred day simple moving average of $37.08.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were issued a $0.7248 dividend. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th. Grupo Financiero Galicia’s payout ratio is presently 37.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GGAL shares. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and upped their price objective for the company from $28.00 to $36.00 in a research note on Thursday, August 8th. StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a research report on Friday, August 30th.

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.