Canada Pension Plan Investment Board acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,263,017 shares of the bank's stock, valued at approximately $78,711,000. Canada Pension Plan Investment Board owned approximately 0.86% of Grupo Financiero Galicia at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Axiom Investors LLC DE lifted its stake in shares of Grupo Financiero Galicia by 1,723.9% during the 4th quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock worth $94,786,000 after buying an additional 1,437,570 shares during the last quarter. Jennison Associates LLC increased its position in Grupo Financiero Galicia by 2.2% in the 4th quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank's stock valued at $77,834,000 after buying an additional 27,353 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Grupo Financiero Galicia by 3.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank's stock worth $65,472,000 after purchasing an additional 30,980 shares in the last quarter. William Blair Investment Management LLC boosted its position in Grupo Financiero Galicia by 778.9% in the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock worth $56,152,000 after purchasing an additional 798,542 shares during the last quarter. Finally, Fourth Sail Capital LP bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $27,369,000.
Grupo Financiero Galicia Price Performance
GGAL traded up $1.74 on Wednesday, reaching $64.66. The company had a trading volume of 691,347 shares, compared to its average volume of 1,239,962. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00. 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 business has a 50 day simple moving average of $56.46 and a 200 day simple moving average of $58.65. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 9.52 and a beta of 1.60.
Grupo Financiero Galicia Profile
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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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