Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. decreased its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 21.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,680 shares of the bank’s stock after selling 3,708 shares during the quarter. Freedom Investment Management Inc.’s holdings in Grupo Financiero Galicia were worth $576,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. acquired a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at $211,000. William Blair Investment Management LLC purchased a new stake in Grupo Financiero Galicia during the 2nd quarter worth about $8,573,000. INCA Investments LLC boosted its position in shares of Grupo Financiero Galicia by 1.8% during the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after acquiring an additional 24,354 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $453,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Financiero Galicia during the second quarter worth approximately $582,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, September 4th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a report on Friday, August 30th. Finally, 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 research report on Thursday, August 8th.

Grupo Financiero Galicia Stock Performance

GGAL stock opened at $56.44 on Friday. The company has a fifty day moving average price of $50.84 and a 200 day moving average price of $39.76. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 12 month low of $15.32 and a 12 month high of $59.79.

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.