Two Sigma Investments LP Increases Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Two Sigma Investments LP raised its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 471,443 shares of the bank’s stock after acquiring an additional 1,917 shares during the quarter. Two Sigma Investments LP’s holdings in Grupo Financiero Galicia were worth $29,380,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $27,000. CIBC Private Wealth Group LLC purchased a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $34,000. Compass Group LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $67,000. GeoWealth Management LLC purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $71,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after purchasing an additional 624 shares in the last quarter.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $63.62 on Wednesday. The company has a market cap of $9.38 billion, a PE ratio of 9.37 and a beta of 1.79. Grupo Financiero Galicia S.A. has a fifty-two week low of $23.53 and a fifty-two week high of $74.00. The firm has a 50-day simple moving average of $57.84 and a 200 day simple moving average of $60.18. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Itau BBA Securities began coverage on shares of Grupo Financiero Galicia in a research report on Tuesday. They issued an “outperform” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average price target of $61.20.

About Grupo Financiero Galicia

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.