Seldon Capital LP purchased a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,062 shares of the bank's stock, valued at approximately $2,933,000. Grupo Financiero Galicia accounts for about 1.2% of Seldon Capital LP's investment portfolio, making the stock its 22nd largest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of GGAL. Axiom Investors LLC DE raised its position in shares of Grupo Financiero Galicia by 1,723.9% during the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock valued at $94,786,000 after buying an additional 1,437,570 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Grupo Financiero Galicia in the 4th quarter valued at approximately $78,711,000. Jennison Associates LLC lifted its position 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 worth $77,834,000 after acquiring an additional 27,353 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Grupo Financiero Galicia by 3.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank's stock worth $65,472,000 after purchasing an additional 30,980 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after purchasing an additional 798,542 shares during the period.
Grupo Financiero Galicia Stock Performance
GGAL stock traded up $0.38 during midday trading on Friday, hitting $63.62. The stock had a trading volume of 416,119 shares, compared to its average volume of 1,103,263. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week 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 stock has a 50-day simple moving average of $56.66 and a 200 day simple moving average of $58.84. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 9.40 and a beta of 1.60.
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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