Verde Servicos Internacionais S.A. Purchases New Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Verde Servicos Internacionais S.A. bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,000 shares of the bank’s stock, valued at approximately $686,000. Grupo Financiero Galicia accounts for 0.3% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 25th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in Grupo Financiero Galicia during the 2nd quarter worth about $582,000. Truist Financial Corp purchased a new stake in Grupo Financiero Galicia during the second quarter worth $273,000. Bank of New Hampshire bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth $631,000. Claro Advisors LLC lifted its stake in shares of Grupo Financiero Galicia by 1,058.6% during the 3rd quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock worth $4,537,000 after purchasing an additional 98,496 shares during the last quarter. Finally, X Square Capital LLC bought a new stake in Grupo Financiero Galicia during the third quarter valued at about $316,000.

Grupo Financiero Galicia Trading Down 5.1 %

NASDAQ GGAL opened at $64.77 on Tuesday. Grupo Financiero Galicia S.A. has a 12-month low of $18.02 and a 12-month high of $74.00. The company has a fifty day simple moving average of $63.63 and a two-hundred day simple moving average of $49.03. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

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.