Dorsey Wright & Associates Lowers Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Dorsey Wright & Associates cut its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,587 shares of the bank's stock after selling 28,592 shares during the quarter. Grupo Financiero Galicia makes up about 1.5% of Dorsey Wright & Associates' investment portfolio, making the stock its 15th biggest position. Dorsey Wright & Associates owned about 0.07% of Grupo Financiero Galicia worth $6,144,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GGAL. R Squared Ltd bought a new position in Grupo Financiero Galicia during the fourth quarter valued at $27,000. Commonwealth Equity Services LLC grew its stake in Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock valued at $380,000 after purchasing an additional 618 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after buying an additional 624 shares in the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 1,118 shares during the period. Finally, State Street Corp raised its holdings in shares of Grupo Financiero Galicia by 1.5% during the third 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.

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Grupo Financiero Galicia Stock Up 1.4 %

Shares of GGAL stock traded up $0.74 during trading on Tuesday, reaching $55.21. The company's stock had a trading volume of 703,708 shares, compared to its average volume of 1,056,322. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00. The stock's 50-day moving average price is $60.32 and its 200 day moving average price is $57.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 8.13 and a beta of 1.85.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Grupo Financiero Galicia Company Profile

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.