MARSHALL WACE ASIA Ltd increased its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 10.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,090,815 shares of the bank’s stock after purchasing an additional 98,950 shares during the period. MARSHALL WACE ASIA Ltd’s holdings in Grupo Financiero Galicia were worth $27,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of Grupo Financiero Galicia by 71.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,368 shares of the bank’s stock worth $162,000 after purchasing an additional 2,646 shares during the last quarter. Highland Capital Management LP raised its position in shares of Grupo Financiero Galicia by 16.9% during the 2nd quarter. Highland Capital Management LP now owns 20,802 shares of the bank’s stock worth $686,000 after purchasing an additional 3,000 shares during the last quarter. Exane Derivatives raised its holdings in Grupo Financiero Galicia by 163.7% in the 3rd quarter. Exane Derivatives now owns 5,686 shares of the bank’s stock valued at $146,000 after acquiring an additional 3,530 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $122,000. Finally, Victory Capital Management Inc. acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors own 23.03% of the company’s stock.

Shares of Grupo Financiero Galicia stock traded up $0.62 during mid-day trading on Thursday, hitting $27.97. The stock had a trading volume of 846,231 shares, compared to its average volume of 906,133. Grupo Financiero Galicia S.A. has a 12-month low of $18.30 and a 12-month high of $73.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.20.

A number of analysts have commented on GGAL shares. Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine downgraded shares of Grupo Financiero Galicia from a “sell” rating to a “strong sell” rating in a report on Monday, August 20th. TheStreet downgraded shares of Grupo Financiero Galicia from a “b-” rating to a “c+” rating in a report on Friday, August 24th. Citigroup downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Finally, BidaskClub upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Grupo Financiero Galicia presently has an average rating of “Hold” and an average price target of $87.00.

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Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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

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