Nkcfo LLC Makes New $312,000 Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Nkcfo LLC acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,000 shares of the bank’s stock, valued at approximately $312,000.

Other large investors have also recently bought and sold shares of the company. Truist Financial Corp acquired a new stake in shares of Grupo Financiero Galicia in the second quarter worth about $273,000. X Square Capital LLC bought a new stake in Grupo Financiero Galicia during the third quarter worth approximately $316,000. Assenagon Asset Management S.A. acquired a new position in Grupo Financiero Galicia during the third quarter valued at approximately $1,503,000. Diversify Wealth Management LLC raised its position in shares of Grupo Financiero Galicia by 4.5% in the third quarter. Diversify Wealth Management LLC now owns 27,819 shares of the bank’s stock valued at $1,171,000 after purchasing an additional 1,202 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter worth $253,000.

Grupo Financiero Galicia Stock Performance

NASDAQ:GGAL opened at $58.80 on Friday. The firm’s 50-day moving average is $65.65 and its 200-day moving average is $52.63. Grupo Financiero Galicia S.A. has a 52-week low of $19.84 and a 52-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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Monday, December 16th. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Grupo Financiero Galicia presently has a consensus 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.