Discovery Capital Management LLC CT Has $78.82 Million Stock Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Discovery Capital Management LLC CT trimmed its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,264,678 shares of the bank's stock after selling 245,201 shares during the period. Grupo Financiero Galicia makes up approximately 5.5% of Discovery Capital Management LLC CT's investment portfolio, making the stock its 2nd largest holding. Discovery Capital Management LLC CT owned 0.86% of Grupo Financiero Galicia worth $78,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GGAL. Axiom Investors LLC DE grew its position in Grupo Financiero Galicia by 1,723.9% in the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock valued at $94,786,000 after purchasing an additional 1,437,570 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Grupo Financiero Galicia by 2.2% in the 4th quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank's stock valued at $77,834,000 after acquiring an additional 27,353 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Grupo Financiero Galicia by 3.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank's stock valued at $65,472,000 after acquiring an additional 30,980 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Grupo Financiero Galicia by 778.9% in the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after acquiring an additional 798,542 shares during the last quarter. Finally, PointState Capital LP raised its holdings in Grupo Financiero Galicia by 15.8% during the third quarter. PointState Capital LP now owns 504,169 shares of the bank's stock worth $21,220,000 after acquiring an additional 68,658 shares in the last quarter.

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Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock traded down $5.38 during midday trading on Friday, reaching $48.24. 2,683,690 shares of the company's stock were exchanged, compared to its average volume of 1,068,421. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50-day simple moving average is $59.01 and its 200 day simple moving average is $57.59. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 7.10 and a beta of 1.85. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.