Moerus Capital Management LLC Trims Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Moerus Capital Management LLC lowered its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 48.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 61,878 shares of the bank’s stock after selling 58,339 shares during the period. Grupo Financiero Galicia makes up about 1.4% of Moerus Capital Management LLC’s holdings, making the stock its 9th biggest holding. Moerus Capital Management LLC’s holdings in Grupo Financiero Galicia were worth $3,856,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN raised its position in Grupo Financiero Galicia by 494.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,050 shares of the bank’s stock worth $315,000 after purchasing an additional 4,200 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Grupo Financiero Galicia by 5.4% in the fourth quarter. Headlands Technologies LLC now owns 28,520 shares of the bank’s stock valued at $1,777,000 after buying an additional 1,456 shares during the period. OLD Mission Capital LLC bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth about $320,000. Franklin Resources Inc. acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $5,804,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Grupo Financiero Galicia by 22.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 21,670 shares of the bank’s stock valued at $1,350,000 after acquiring an additional 4,010 shares during the last quarter.

Grupo Financiero Galicia Stock Performance

Shares of GGAL stock opened at $48.24 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00. The firm has a 50 day moving average of $59.01 and a 200-day moving average of $57.67. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 7.10 and a beta of 1.60.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research 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 company’s stock. Based on data from MarketBeat.com, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and a consensus price target 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.