Deltec Asset Management LLC decreased its stake in Grupo Financiero Galicia SA (NASDAQ:GGAL) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 83,999 shares of the company’s stock after selling 2,270 shares during the period. Deltec Asset Management LLC owned about 0.06% of Grupo Financiero Galicia SA worth $2,565,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Grupo Financiero Galicia SA by 12.5% in the first quarter. Wellington Management Group LLP now owns 944,297 shares of the company’s stock valued at $26,723,000 after buying an additional 104,813 shares in the last quarter. Findlay Park Partners LLP purchased a new stake in shares of Grupo Financiero Galicia SA during the first quarter valued at approximately $2,830,000. BlackRock Group LTD raised its stake in shares of Grupo Financiero Galicia SA by 10.4% in the first quarter. BlackRock Group LTD now owns 750,822 shares of the company’s stock valued at $21,248,000 after buying an additional 70,897 shares in the last quarter. UBS Group AG purchased a new stake in shares of Grupo Financiero Galicia SA during the first quarter valued at approximately $665,000. Finally, Royal Bank of Canada purchased a new stake in shares of Grupo Financiero Galicia SA during the first quarter valued at approximately $565,000. Institutional investors own 17.97% of the company’s stock.

Grupo Financiero Galicia SA (NASDAQ:GGAL) traded down 0.59% during midday trading on Tuesday, hitting $28.56. The stock had a trading volume of 331,767 shares. The stock has a market cap of $3.71 billion, a P/E ratio of 10.80 and a beta of 1.67. The company’s 50-day moving average price is $29.64 and its 200 day moving average price is $29.33. Grupo Financiero Galicia SA has a 12-month low of $16.62 and a 12-month high of $33.08.

GGAL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Grupo Financiero Galicia SA from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Citigroup Inc. upgraded Grupo Financiero Galicia SA from a “sell” rating to a “neutral” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.75.

Grupo Financiero Galicia SA Company Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

5 Day Chart for NASDAQ:GGAL

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