Banco Santander S.A. Decreases Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Banco Santander S.A. lowered its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,930 shares of the bank’s stock after selling 2,853 shares during the period. Banco Santander S.A.’s holdings in Grupo Financiero Galicia were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of GGAL. R Squared Ltd acquired a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 buying an additional 624 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock worth $158,000 after acquiring an additional 1,118 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $167,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at about $216,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GGAL. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Price Performance

Shares of GGAL opened at $54.11 on Tuesday. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 7.97 and a beta of 1.85. The firm’s fifty day simple moving average is $63.91 and its 200-day simple moving average is $55.67. Grupo Financiero Galicia S.A. has a twelve month low of $21.60 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.

Grupo Financiero Galicia 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.