Grupo Financiero Galicia S.A. (GGAL) Holdings Cut by Royal Bank of Canada

Royal Bank of Canada trimmed its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 89.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,123 shares of the bank’s stock after selling 26,932 shares during the quarter. Royal Bank of Canada’s holdings in Grupo Financiero Galicia were worth $133,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GGAL. Geode Capital Management LLC raised its position in shares of Grupo Financiero Galicia by 38.0% during the first quarter. Geode Capital Management LLC now owns 29,717 shares of the bank’s stock worth $1,124,000 after purchasing an additional 8,184 shares during the period. Bank of America Corp DE raised its position in shares of Grupo Financiero Galicia by 39.5% during the first 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 during the period. Parkwood LLC acquired a new position in shares of Grupo Financiero Galicia during the second quarter worth approximately $563,000. Candriam Luxembourg S.C.A. acquired a new position in shares of Grupo Financiero Galicia during the second quarter worth approximately $7,249,000. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Grupo Financiero Galicia by 0.6% during the second 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 during the period. 27.71% of the stock is currently owned by institutional investors.

GGAL has been the topic of a number of research reports. Zacks Investment Research lowered Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Santander lowered Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Citigroup Inc. raised Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Finally, UBS AG raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold”.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) opened at $56.90 on Monday. Grupo Financiero Galicia S.A. has a 12-month low of $23.23 and a 12-month high of $58.61. The firm has a market capitalization of $7,398.54, a P/E ratio of 18.18 and a beta of 1.15.

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Grupo Financiero Galicia 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).

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

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