State Street Corp Purchases 1,260 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

State Street Corp increased its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 84,378 shares of the bank’s stock after buying an additional 1,260 shares during the period. State Street Corp’s holdings in Grupo Financiero Galicia were worth $3,551,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GGAL. Quadrature Capital Ltd bought a new position in shares of Grupo Financiero Galicia in the third quarter worth about $278,000. PointState Capital LP grew its holdings in Grupo Financiero Galicia by 15.8% during the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after buying an additional 68,658 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Grupo Financiero Galicia during the third quarter valued at approximately $1,852,000. Benjamin Edwards Inc. purchased a new position in shares of Grupo Financiero Galicia in the third quarter worth $367,000. Finally, Verition Fund Management LLC bought a new position in shares of Grupo Financiero Galicia during the third quarter worth $1,283,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley upgraded 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. Finally, Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Down 2.3 %

Shares of NASDAQ:GGAL opened at $62.82 on Tuesday. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 8.62 and a beta of 1.87. Grupo Financiero Galicia S.A. has a 12 month low of $15.32 and a 12 month high of $70.30. 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 company has a 50-day moving average price of $57.63 and a 200 day moving average price of $43.93.

Grupo Financiero Galicia 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.