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

Sei Investments Co. acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 247,850 shares of the bank’s stock, valued at approximately $15,446,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GGAL. R Squared Ltd bought a new position in Grupo Financiero Galicia during the 4th quarter valued at $27,000. Commonwealth Equity Services LLC lifted its holdings in shares of Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank’s stock valued at $380,000 after buying an additional 618 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after buying an additional 624 shares in the last quarter. Blue Trust Inc. grew its holdings in Grupo Financiero Galicia by 78.8% during the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after acquiring an additional 1,118 shares during the period. Finally, State Street Corp raised its position in Grupo Financiero Galicia by 1.5% in the third quarter. State Street Corp now owns 84,378 shares of the bank’s stock worth $3,551,000 after acquiring an additional 1,260 shares in the last quarter.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $55.78 on Friday. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 8.22 and a beta of 1.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $60.58 and its 200 day simple moving average is $57.24.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded 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 research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

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.