Schonfeld Strategic Advisors LLC bought a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,500 shares of the bank's stock, valued at approximately $841,000.
Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Grupo Financiero Galicia by 9,082.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock worth $721,935,000 after acquiring an additional 11,366,972 shares in the last quarter. Axiom Investors LLC DE lifted its stake in Grupo Financiero Galicia by 1,723.9% in the 4th quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock valued at $94,786,000 after purchasing an additional 1,437,570 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Grupo Financiero Galicia in the fourth quarter valued at approximately $78,711,000. William Blair Investment Management LLC increased its holdings in shares of 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 worth $56,152,000 after buying an additional 798,542 shares in the last quarter. Finally, Fourth Sail Capital LP bought a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at $27,369,000.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Financiero Galicia has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.
Get Our Latest Stock Report on GGAL
Grupo Financiero Galicia Stock Performance
Shares of GGAL stock traded down $0.43 on Wednesday, hitting $62.04. 295,876 shares of the stock were exchanged, compared to its average volume of 1,102,705. The firm's 50 day moving average is $57.07 and its two-hundred day moving average is $59.82. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The firm has a market capitalization of $9.15 billion, a PE ratio of 9.14 and a beta of 1.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.
About Grupo Financiero Galicia
(
Free Report)
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.
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