Aigen Investment Management LP Takes Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Aigen Investment Management LP bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,472 shares of the bank’s stock, valued at approximately $466,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after acquiring an additional 624 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Grupo Financiero Galicia by 78.8% in the 4th 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 last quarter. Empowered Funds LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $167,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $216,000.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $57.63 on Friday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 8.49 and a beta of 1.85. Grupo Financiero Galicia S.A. has a 1-year low of $21.60 and a 1-year high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $64.09 and its 200-day simple moving average is $55.22.

Wall Street Analysts Forecast Growth

GGAL has been the topic of a number of analyst reports. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note 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 target price on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.