INCA Investments LLC Trims Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

INCA Investments LLC lowered its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 55.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 845,169 shares of the bank’s stock after selling 1,065,334 shares during the quarter. Grupo Financiero Galicia accounts for about 6.5% of INCA Investments LLC’s portfolio, making the stock its 7th largest position. INCA Investments LLC’s holdings in Grupo Financiero Galicia were worth $14,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GGAL. Cambridge Investment Research Advisors Inc. grew its position in Grupo Financiero Galicia by 3.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,564 shares of the bank’s stock worth $503,000 after acquiring an additional 1,123 shares in the last quarter. RWC Asset Management LLP increased its position in shares of Grupo Financiero Galicia by 114.4% during the 3rd quarter. RWC Asset Management LLP now owns 398,414 shares of the bank’s stock valued at $5,199,000 after purchasing an additional 212,588 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Grupo Financiero Galicia during the 3rd quarter valued at $42,000. JGP Global Gestao de Recursos Ltda. bought a new stake in Grupo Financiero Galicia in the third quarter worth $159,000. Finally, Banque Pictet & Cie SA purchased a new position in Grupo Financiero Galicia during the third quarter worth $4,706,000.

Grupo Financiero Galicia Stock Up 1.8 %

NASDAQ GGAL traded up $0.56 during trading on Monday, hitting $31.26. The stock had a trading volume of 554,653 shares, compared to its average volume of 1,011,565. Grupo Financiero Galicia S.A. has a one year low of $10.57 and a one year high of $31.85. The stock has a 50 day simple moving average of $25.27 and a 200 day simple moving average of $19.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.

About Grupo Financiero Galicia

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.