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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its holdings in Grupo Financiero Galicia by 105.7% during the 3rd quarter. Activest Wealth Management now owns 9,604 shares of the bank’s stock worth $404,000 after purchasing an additional 4,936 shares during the last quarter. Banco Santander S.A. increased its position in shares of Grupo Financiero Galicia by 12.6% during the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock worth $328,000 after buying an additional 872 shares during the period. Jennison Associates LLC bought a new position in Grupo Financiero Galicia during the third quarter worth $51,416,000. INCA Investments LLC lifted its holdings in 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 during the period. Finally, NorthRock Partners LLC acquired a new position in Grupo Financiero Galicia in the third quarter valued at $253,000.

Grupo Financiero Galicia Stock Up 2.0 %

GGAL stock traded up $1.11 during trading on Monday, reaching $56.59. 172,964 shares of the stock were exchanged, compared to its average volume of 1,021,279. The firm’s 50 day moving average is $49.81 and its 200 day moving average is $39.08. Grupo Financiero Galicia S.A. has a twelve month low of $15.32 and a twelve month high of $59.79.

Analyst Upgrades and Downgrades

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

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.