Systrade AG Invests $935,000 in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Systrade AG bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the bank’s stock, valued at approximately $935,000. Grupo Financiero Galicia comprises 1.5% of Systrade AG’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of GGAL. NorthRock Partners LLC acquired a new position in Grupo Financiero Galicia during the third quarter worth $253,000. XTX Topco Ltd acquired a new position in Grupo Financiero Galicia during the third quarter worth $266,000. Truist Financial Corp acquired a new position in shares of Grupo Financiero Galicia in the second quarter worth $273,000. Quadrature Capital Ltd acquired a new position in shares of Grupo Financiero Galicia in the third quarter worth $278,000. Finally, X Square Capital LLC acquired a new position in shares of Grupo Financiero Galicia in the third quarter worth $316,000.

Grupo Financiero Galicia Trading Down 4.0 %

GGAL stock opened at $67.07 on Monday. Grupo Financiero Galicia S.A. has a 1 year low of $15.74 and a 1 year high of $74.00. The stock has a 50-day simple moving average of $62.21 and a 200-day simple moving average of $47.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

GGAL has been the subject of several analyst reports. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note 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 for the company in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

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.