Bank of New York Mellon Corp cut its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,407 shares of the bank's stock after selling 4,966 shares during the period. Bank of New York Mellon Corp's holdings in Grupo Financiero Galicia were worth $1,895,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GGAL. R Squared Ltd purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after purchasing an additional 624 shares during the last quarter. Banco Santander S.A. grew its stake in Grupo Financiero Galicia by 12.6% during the 3rd quarter. Banco Santander S.A. now owns 7,783 shares of the bank's stock valued at $328,000 after purchasing an additional 872 shares in the last quarter. Blue Trust Inc. increased its holdings in Grupo Financiero Galicia by 78.8% during the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after purchasing an additional 1,118 shares during the last quarter. Finally, State Street Corp increased its holdings in Grupo Financiero Galicia by 1.5% during the 3rd quarter. State Street Corp now owns 84,378 shares of the bank's stock worth $3,551,000 after purchasing an additional 1,260 shares during the last quarter.
Grupo Financiero Galicia Stock Performance
GGAL stock traded up $1.21 during trading on Tuesday, hitting $58.95. 611,198 shares of the company's stock traded hands, compared to its average volume of 1,039,963. The stock has a fifty day moving average price of $61.58 and a two-hundred day moving average price of $57.03. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 8.68 and a beta of 1.85.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley upgraded Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Read Our Latest Stock Report on Grupo Financiero Galicia
About Grupo Financiero Galicia
(
Free Report)
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.
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