INCA Investments LLC Buys 24,354 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

INCA Investments LLC increased its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,373,576 shares of the bank’s stock after acquiring an additional 24,354 shares during the quarter. Grupo Financiero Galicia makes up 24.7% of INCA Investments LLC’s holdings, making the stock its largest holding. INCA Investments LLC’s holdings in Grupo Financiero Galicia were worth $57,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter worth $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Grupo Financiero Galicia in the second quarter worth $51,000. Headlands Technologies LLC acquired a new stake in shares of Grupo Financiero Galicia in the first quarter worth $67,000. NorthRock Partners LLC acquired a new stake in shares of Grupo Financiero Galicia in the third quarter worth $253,000. Finally, Banco Santander S.A. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter worth $211,000.

Analysts Set New Price Targets

Several analysts have recently commented on GGAL shares. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, September 4th. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a research report on Friday, August 30th. Finally, StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Grupo Financiero Galicia Price Performance

GGAL opened at $53.81 on Tuesday. Grupo Financiero Galicia S.A. has a 1 year low of $11.48 and a 1 year high of $57.24. The stock has a fifty day moving average price of $47.02 and a 200 day moving average price of $37.47.

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.