Banco Santander S.A. Has $328,000 Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Banco Santander S.A. increased its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,783 shares of the bank’s stock after purchasing an additional 872 shares during the period. Banco Santander S.A.’s holdings in Grupo Financiero Galicia were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in shares of Grupo Financiero Galicia during the second quarter worth about $8,573,000. INCA Investments LLC boosted its position in Grupo Financiero Galicia by 1.8% during the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after acquiring an additional 24,354 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $453,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Grupo Financiero Galicia in the second quarter valued at approximately $582,000. Finally, Claro Advisors LLC boosted its holdings in Grupo Financiero Galicia by 1,058.6% during the third quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock worth $4,537,000 after purchasing an additional 98,496 shares during the last quarter.

Analyst Ratings Changes

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

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $55.48 on Friday. The company’s 50-day moving average is $49.81 and its 200-day moving average is $39.03. Grupo Financiero Galicia S.A. has a fifty-two week low of $13.77 and a fifty-two week high of $59.79.

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.