Sei Investments Co. boosted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 163.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,947 shares of the bank’s stock after buying an additional 39,715 shares during the period. Sei Investments Co.’s holdings in Grupo Financiero Galicia were worth $2,109,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of GGAL. Quantitative Systematic Strategies LLC purchased a new position in Grupo Financiero Galicia in the 1st quarter valued at $207,000. Verition Fund Management LLC purchased a new stake in shares of Grupo Financiero Galicia during the 1st quarter worth $216,000. NN Investment Partners Holdings N.V. boosted its position in shares of Grupo Financiero Galicia by 62.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 6,900 shares of the bank’s stock worth $228,000 after purchasing an additional 2,651 shares in the last quarter. Aviva PLC purchased a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth $396,000. Finally, Profund Advisors LLC boosted its position in shares of Grupo Financiero Galicia by 40.0% during the 1st quarter. Profund Advisors LLC now owns 9,676 shares of the bank’s stock worth $636,000 after purchasing an additional 2,764 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.
Several brokerages have commented on GGAL. Zacks Investment Research lowered shares of Grupo Financiero Galicia from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine lowered shares of Grupo Financiero Galicia from a “sell” rating to a “strong sell” rating in a research report on Monday, August 20th. BidaskClub lowered shares of Grupo Financiero Galicia from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Finally, Citigroup lowered shares of Grupo Financiero Galicia from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $87.00.
Shares of NASDAQ GGAL opened at $21.57 on Thursday. Grupo Financiero Galicia S.A. has a one year low of $18.30 and a one year high of $73.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 1.17.
Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Friday, August 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $483.52 million for the quarter, compared to analysts’ expectations of $392.51 million. equities research analysts forecast that Grupo Financiero Galicia S.A. will post 3.51 earnings per share for the current year.
Grupo Financiero Galicia Profile
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
Further Reading: Risk Tolerance and Your Investment Decisions
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