Quantbot Technologies LP Has $805,000 Holdings in Grupo Financiero Galicia S.A. $GGAL

Quantbot Technologies LP raised its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 1,271.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,195 shares of the bank’s stock after purchasing an additional 27,066 shares during the period. Quantbot Technologies LP’s holdings in Grupo Financiero Galicia were worth $805,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Grupo Financiero Galicia by 149.5% in the first quarter. NewEdge Advisors LLC now owns 9,003 shares of the bank’s stock worth $490,000 after buying an additional 5,394 shares during the last quarter. AGF Management Ltd. acquired a new stake in Grupo Financiero Galicia in the second quarter valued at approximately $12,662,000. SBI Securities Co. Ltd. grew its position in Grupo Financiero Galicia by 240.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank’s stock worth $61,000 after acquiring an additional 849 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Grupo Financiero Galicia by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,525 shares of the bank’s stock worth $2,748,000 after purchasing an additional 362 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth $5,555,000.

Grupo Financiero Galicia Trading Down 3.4%

NASDAQ GGAL opened at $41.74 on Friday. Grupo Financiero Galicia S.A. has a 1 year low of $25.89 and a 1 year high of $66.24. The company has a fifty day simple moving average of $50.75 and a 200 day simple moving average of $45.60. The company has a market cap of $6.16 billion, a P/E ratio of 21.08 and a beta of 1.48.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.1541 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is a positive change from Grupo Financiero Galicia’s previous monthly dividend of $0.15. The ex-dividend date is Monday, March 2nd. Grupo Financiero Galicia’s dividend payout ratio is currently 93.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GGAL shares. Zacks Research lowered shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. UBS Group assumed coverage on Grupo Financiero Galicia in a report on Wednesday, November 19th. They set a “hold” rating and a $60.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grupo Financiero Galicia in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group raised Grupo Financiero Galicia to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.50.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country’s largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.

The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.