Investors Purchase Large Volume of Put Options on Grupo Financiero Galicia (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw unusually large options trading on Monday. Stock investors bought 8,416 put options on the company. This represents an increase of approximately 396% compared to the typical daily volume of 1,697 put options.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at $349,000. Two Sigma Investments LP grew its holdings in Grupo Financiero Galicia by 0.4% during the 4th quarter. Two Sigma Investments LP now owns 471,443 shares of the bank’s stock worth $29,380,000 after acquiring an additional 1,917 shares in the last quarter. PointState Capital LP raised its stake in shares of Grupo Financiero Galicia by 14.5% in the 4th quarter. PointState Capital LP now owns 577,337 shares of the bank’s stock valued at $35,980,000 after purchasing an additional 73,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Grupo Financiero Galicia by 19.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank’s stock valued at $76,213,000 after purchasing an additional 196,270 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Grupo Financiero Galicia in the fourth quarter worth about $483,000.

Analyst Upgrades and Downgrades

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

Grupo Financiero Galicia Stock Down 2.0 %

NASDAQ:GGAL traded down $0.96 on Monday, reaching $47.28. The stock had a trading volume of 630,809 shares, compared to its average volume of 1,068,548. The company has a 50-day moving average of $59.01 and a 200 day moving average of $57.75. 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 market cap of $6.97 billion, a P/E ratio of 6.93 and a beta of 1.60. Grupo Financiero Galicia has a 12-month low of $23.53 and a 12-month high of $74.00.

About Grupo Financiero Galicia

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.