Triasima Portfolio Management inc. Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Triasima Portfolio Management inc. purchased a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,310 shares of the bank’s stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in Grupo Financiero Galicia in the fourth quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after purchasing an additional 1,118 shares during the period. Alliance Wealth Advisors LLC UT purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $218,000. Finally, NorthRock Partners LLC bought a new stake in Grupo Financiero Galicia during the third quarter valued at approximately $253,000.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ:GGAL opened at $63.59 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $18.02 and a 1-year high of $74.00. The firm’s 50 day simple moving average is $65.37 and its two-hundred day simple moving average is $51.13. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Financiero Galicia currently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.