Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Stake Raised by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC raised its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 53.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,096 shares of the bank's stock after acquiring an additional 6,647 shares during the quarter. Insigneo Advisory Services LLC's holdings in Grupo Financiero Galicia were worth $1,040,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia during the fourth quarter valued at $34,000. Compass Group LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $67,000. GeoWealth Management LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $71,000. Empowered Funds LLC bought a new position in Grupo Financiero Galicia during the fourth quarter valued at approximately $167,000. Finally, Wallace Advisory Group LLC acquired a new stake in Grupo Financiero Galicia in the first quarter valued at approximately $182,000.

Analyst Ratings Changes

GGAL has been the topic of several analyst reports. Wall Street Zen lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Itau BBA Securities began coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 target price on the stock. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Grupo Financiero Galicia presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.20.

Grupo Financiero Galicia Trading Down 0.3%

Shares of GGAL stock opened at $54.35 on Wednesday. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The company has a market cap of $8.01 billion, a PE ratio of 8.00 and a beta of 1.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $59.13 and its two-hundred day moving average is $60.49.

Grupo Financiero Galicia Cuts Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.2631 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is 3.98%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.