Profund Advisors LLC Buys Shares of 8,075 Grupo Financiero Galicia S.A. (GGAL)

Profund Advisors LLC bought a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,075 shares of the bank’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its position in Grupo Financiero Galicia by 39.5% during the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after purchasing an additional 887 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Grupo Financiero Galicia by 0.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after purchasing an additional 17 shares in the last quarter. Marshall Wace LLP acquired a new stake in Grupo Financiero Galicia during the 2nd quarter worth approximately $212,000. LSV Asset Management increased its position in Grupo Financiero Galicia by 59.1% during the 2nd quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock worth $298,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Grupo Financiero Galicia by 16.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock worth $362,000 after purchasing an additional 1,200 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Grupo Financiero Galicia S.A. (NASDAQ GGAL) opened at 53.47 on Friday. The firm has a 50-day moving average of $47.37 and a 200 day moving average of $42.34. Grupo Financiero Galicia S.A. has a 12 month low of $23.23 and a 12 month high of $54.10. The firm has a market cap of $6.95 billion, a P/E ratio of 17.84 and a beta of 1.24.

The business also recently disclosed an annual dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 27th were paid a $0.0005 dividend. The ex-dividend date was Tuesday, September 26th.

GGAL has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. UBS AG raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday. Santander downgraded shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

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Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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Institutional Ownership by Quarter for Grupo Financiero Galicia (NASDAQ:GGAL)

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