Wrapmanager Inc. Has $297,000 Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Wrapmanager Inc. trimmed its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 16.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,061 shares of the bank’s stock after selling 1,423 shares during the period. Wrapmanager Inc.’s holdings in Grupo Financiero Galicia were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Banco Santander S.A. purchased a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $211,000. William Blair Investment Management LLC acquired a new position in Grupo Financiero Galicia in the 2nd quarter valued at approximately $8,573,000. INCA Investments LLC increased its stake in Grupo Financiero Galicia by 1.8% in the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after buying an additional 24,354 shares during the period. Turim 21 Investimentos Ltda. purchased a new stake in Grupo Financiero Galicia in the 2nd quarter worth approximately $453,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at $582,000.

Grupo Financiero Galicia Stock Down 3.6 %

Shares of NASDAQ:GGAL opened at $57.03 on Wednesday. The business has a 50-day moving average of $48.75 and a two-hundred day moving average of $38.49. Grupo Financiero Galicia S.A. has a fifty-two week low of $13.06 and a fifty-two week high of $59.79.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America upgraded Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target for the company in a research note on Friday, August 30th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, September 4th.

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.