BNP Paribas Financial Markets Sells 213,314 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

BNP Paribas Financial Markets trimmed its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,689 shares of the bank's stock after selling 213,314 shares during the period. BNP Paribas Financial Markets owned about 0.28% of Grupo Financiero Galicia worth $25,656,000 as of its most recent SEC filing.

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

Grupo Financiero Galicia Stock Down 0.7%

Shares of NASDAQ GGAL traded down $0.41 during mid-day trading on Wednesday, reaching $62.06. The company had a trading volume of 345,414 shares, compared to its average volume of 1,102,944. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 9.14 and a beta of 1.79. The stock has a fifty day moving average of $57.07 and a two-hundred day moving average of $59.82. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00.

Wall Street Analysts Forecast Growth

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

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.