Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Position Trimmed by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,450 shares of the bank’s stock after selling 3,809 shares during the period. Quantbot Technologies LP’s holdings in Grupo Financiero Galicia were worth $963,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Virtu Financial LLC raised its position in shares of Grupo Financiero Galicia by 86.5% during the fourth quarter. Virtu Financial LLC now owns 17,331 shares of the bank’s stock worth $1,080,000 after purchasing an additional 8,036 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Grupo Financiero Galicia during the 4th quarter worth about $906,000. William Blair Investment Management LLC lifted its stake in 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 buying an additional 798,542 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank’s stock worth $380,000 after buying an additional 618 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Grupo Financiero Galicia by 60,716.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,298 shares of the bank’s stock worth $455,000 after acquiring an additional 7,286 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Trading Up 2.1 %

Grupo Financiero Galicia stock opened at $58.95 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The company’s fifty day simple moving average is $61.35 and its 200-day simple moving average is $57.15. The stock has a market cap of $8.69 billion, a P/E ratio of 8.68 and a beta of 1.85.

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.