Wasatch Advisors Inc. cut its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,161 shares of the bank’s stock after selling 19,579 shares during the quarter. Wasatch Advisors Inc. owned 0.17% of Grupo Financiero Galicia worth $11,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Yorktown Management & Research Co Inc acquired a new stake in Grupo Financiero Galicia in the third quarter valued at $397,000. Renaissance Group LLC acquired a new stake in Grupo Financiero Galicia in the third quarter valued at $17,589,000. Manning & Napier Advisors LLC raised its holdings in Grupo Financiero Galicia by 27.5% in the third quarter. Manning & Napier Advisors LLC now owns 114,125 shares of the bank’s stock valued at $5,881,000 after acquiring an additional 24,630 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Grupo Financiero Galicia by 26.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,740 shares of the bank’s stock valued at $554,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Key Square Capital Management LLC acquired a new stake in Grupo Financiero Galicia in the third quarter valued at $28,696,000. Institutional investors and hedge funds own 27.71% of the company’s stock.

Grupo Financiero Galicia S.A. (GGAL) traded up $0.08 during trading on Thursday, hitting $57.05. 231,400 shares of the stock traded hands, compared to its average volume of 447,573. The company has a market capitalization of $7,407.64, a price-to-earnings ratio of 18.20 and a beta of 1.15. 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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A number of brokerages have weighed in on GGAL. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Monday. UBS Group AG raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Grupo Financiero Galicia currently has an average rating of “Hold”.

Grupo Financiero Galicia 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).

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

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