Dorsey Wright & Associates boosted its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 42.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 100,692 shares of the bank’s stock after purchasing an additional 29,912 shares during the period. Grupo Financiero Galicia comprises approximately 1.2% of Dorsey Wright & Associates’ portfolio, making the stock its 20th largest position. Dorsey Wright & Associates owned 0.08% of Grupo Financiero Galicia worth $5,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC increased its holdings in Grupo Financiero Galicia by 0.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock valued at $121,000 after purchasing an additional 17 shares during the last quarter. Bank of America Corp DE increased its holdings in Grupo Financiero Galicia by 39.5% in the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after purchasing an additional 887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Grupo Financiero Galicia by 16.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock valued at $362,000 after purchasing an additional 1,200 shares during the last quarter. Advisor Group Inc. increased its holdings in Grupo Financiero Galicia by 126.5% in the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 26.55% of the company’s stock.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded down $1.84 during trading hours on Monday, hitting $52.48. 223,900 shares of the company’s stock traded hands, compared to its average volume of 446,631. Grupo Financiero Galicia S.A. has a fifty-two week low of $23.23 and a fifty-two week high of $58.61.

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Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Santander downgraded shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Citigroup Inc. upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Grupo Financiero Galicia currently has an average rating of “Hold”.

About Grupo Financiero Galicia

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).

Institutional Ownership by Quarter for Grupo Financiero Galicia (NASDAQ:GGAL)

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