Jennison Associates LLC Acquires 27,353 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Jennison Associates LLC increased its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,248,936 shares of the bank’s stock after buying an additional 27,353 shares during the period. Jennison Associates LLC’s holdings in Grupo Financiero Galicia were worth $77,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GGAL. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $27,000. Blue Trust Inc. boosted its holdings in Grupo Financiero Galicia by 78.8% in 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 in the last quarter. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia in the third quarter worth $253,000. XTX Topco Ltd bought a new position in shares of Grupo Financiero Galicia during the third quarter valued at $266,000. Finally, Truist Financial Corp purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter worth about $273,000.

Analysts Set New Price Targets

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

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ:GGAL opened at $65.18 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day simple moving average of $64.64 and a two-hundred day simple moving average of $50.40. Grupo Financiero Galicia S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $74.00.

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.