Deprince Race & Zollo Inc. Makes New $5.55 Million Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Deprince Race & Zollo Inc. acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,121 shares of the bank's stock, valued at approximately $5,554,000. Deprince Race & Zollo Inc. owned 0.06% of Grupo Financiero Galicia as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Duquesne Family Office LLC increased its holdings in Grupo Financiero Galicia by 26.3% in the 4th quarter. Duquesne Family Office LLC now owns 448,663 shares of the bank's stock worth $27,961,000 after purchasing an additional 93,400 shares in the last quarter. Cetera Investment Advisers increased its position in Grupo Financiero Galicia by 20.0% in the 4th quarter. Cetera Investment Advisers now owns 14,660 shares of the bank's stock valued at $914,000 after acquiring an additional 2,444 shares during the period. Bosun Asset Management LLC raised its stake in shares of Grupo Financiero Galicia by 15.6% during the fourth quarter. Bosun Asset Management LLC now owns 34,069 shares of the bank's stock valued at $2,123,000 after acquiring an additional 4,586 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Grupo Financiero Galicia by 64.6% during the fourth quarter. Brevan Howard Capital Management LP now owns 246,651 shares of the bank's stock worth $15,522,000 after purchasing an additional 96,788 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Grupo Financiero Galicia by 86.4% in the fourth quarter. Bank of America Corp DE now owns 28,861 shares of the bank's stock worth $1,799,000 after purchasing an additional 13,374 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Grupo Financiero Galicia currently has an average rating of "Moderate Buy" and an average target price of $59.00.

Grupo Financiero Galicia Trading Up 0.1%

NASDAQ GGAL traded up $0.07 during mid-day trading on Wednesday, reaching $62.54. 463,100 shares of the stock were exchanged, compared to its average volume of 1,103,331. The stock has a market cap of $9.22 billion, a P/E ratio of 9.21 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The stock has a 50 day simple moving average of $57.07 and a 200-day simple moving average of $59.82.

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.