Hsbc Holdings PLC grew its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 9,082.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,492,127 shares of the bank's stock after acquiring an additional 11,366,972 shares during the period. Hsbc Holdings PLC owned about 7.79% of Grupo Financiero Galicia worth $721,935,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of GGAL. Townsquare Capital LLC increased its stake in shares of Grupo Financiero Galicia by 1.2% during the 4th quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock worth $1,432,000 after purchasing an additional 283 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $34,000. Commonwealth Equity Services LLC increased its position in Grupo Financiero Galicia by 11.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after purchasing an additional 618 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Financiero Galicia by 41.3% in the 4th 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.
Grupo Financiero Galicia Trading Up 0.3 %
Shares of Grupo Financiero Galicia stock traded up $0.17 during mid-day trading on Friday, hitting $63.41. 693,526 shares of the stock were exchanged, compared to its average volume of 1,105,794. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 9.34 and a beta of 1.60. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $56.75 and a 200 day simple moving average of $58.97.
Grupo Financiero Galicia Profile
(
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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