Quantamental Technologies LLC Invests $72,000 in Grupo Financiero Galicia S.A. (GGAL) Stock
Quantamental Technologies LLC acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,600 shares of the bank’s stock, valued at approximately $72,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth $112,000. Exane Derivatives increased its holdings in Grupo Financiero Galicia by 163.7% during the 3rd quarter. Exane Derivatives now owns 5,686 shares of the bank’s stock worth $146,000 after purchasing an additional 3,530 shares during the period. Tower Research Capital LLC TRC increased its holdings in Grupo Financiero Galicia by 71.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,368 shares of the bank’s stock worth $162,000 after purchasing an additional 2,646 shares during the period. BW Gestao de Investimentos Ltda. purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth $231,000. Finally, Alpine Global Management LLC purchased a new position in Grupo Financiero Galicia during the 3rd quarter worth $242,000. Institutional investors own 22.87% of the company’s stock.
Shares of NASDAQ GGAL opened at $35.99 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. Grupo Financiero Galicia S.A. has a 12-month low of $18.30 and a 12-month high of $68.86.
Several brokerages have issued reports on GGAL. BidaskClub raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 4th. ValuEngine raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America cut Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.00.
Grupo Financiero Galicia Profile
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
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