Duquesne Family Office LLC Acquires 93,400 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Duquesne Family Office LLC grew its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 26.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,663 shares of the bank’s stock after acquiring an additional 93,400 shares during the period. Duquesne Family Office LLC owned 0.30% of Grupo Financiero Galicia worth $27,961,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Townsquare Capital LLC lifted its stake in Grupo Financiero Galicia by 1.2% in the fourth quarter. Townsquare Capital LLC now owns 22,975 shares of the bank’s stock valued at $1,432,000 after acquiring an additional 283 shares during the last quarter. R Squared Ltd acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at about $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter valued at about $34,000. Commonwealth Equity Services LLC grew its holdings in Grupo Financiero Galicia by 11.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank’s stock worth $380,000 after purchasing an additional 618 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after buying an additional 624 shares during the last quarter.

Grupo Financiero Galicia Stock Performance

GGAL opened at $58.29 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 business has a 50 day moving average of $56.88 and a 200-day moving average of $59.55. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 8.58 and a beta of 1.79.

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.