Moerus Capital Management LLC Has $3.86 Million Stake 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 - Free Report) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,878 shares of the bank's stock after selling 58,339 shares during the quarter. Grupo Financiero Galicia makes up 1.4% of Moerus Capital Management LLC's portfolio, 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 SEC filing.

Several other institutional investors have also recently made changes to their positions in GGAL. R Squared Ltd bought a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth $34,000. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 valued at $136,000 after acquiring an additional 624 shares in the last quarter. Blue Trust Inc. increased its holdings in Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock valued at $158,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth $167,000.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock traded up $5.69 during mid-day trading on Friday, reaching $54.61. 1,218,259 shares of the company's stock traded hands, compared to its average volume of 1,079,396. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $56.78 and a two-hundred day moving average of $57.69. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 8.04 and a beta of 1.60.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock 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.