Sagil Capital LLP Invests $580,000 in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Sagil Capital LLP purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,777 shares of the bank’s stock, valued at approximately $580,000. Grupo Financiero Galicia accounts for approximately 0.4% of Sagil Capital LLP’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. INCA Investments LLC raised its position in shares of Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after buying an additional 24,354 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Grupo Financiero Galicia in the third quarter worth $51,416,000. Ping Capital Management Inc. acquired a new position in Grupo Financiero Galicia in the second quarter valued at about $23,611,000. Rokos Capital Management LLP raised its stake in Grupo Financiero Galicia by 58.7% in the first quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank’s stock valued at $14,559,000 after purchasing an additional 211,870 shares in the last quarter. Finally, Duquesne Family Office LLC grew its stake in Grupo Financiero Galicia by 47.8% during the second quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock worth $14,539,000 after buying an additional 153,900 shares in the last quarter.

Wall Street Analyst Weigh In

GGAL has been the subject of several analyst reports. Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and boosted their target price for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a research note on Friday, August 30th.

Grupo Financiero Galicia Trading Up 2.0 %

GGAL stock traded up $1.11 during midday trading on Monday, reaching $56.59. 172,964 shares of the stock were exchanged, compared to its average volume of 1,021,279. Grupo Financiero Galicia S.A. has a 52 week low of $15.32 and a 52 week high of $59.79. The company has a fifty day moving average price of $49.81 and a 200 day moving average price of $39.08.

Grupo Financiero Galicia Company 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.