B. Riley Wealth Advisors Inc. Sells 4,650 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,690 shares of the bank's stock after selling 4,650 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Grupo Financiero Galicia were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GGAL. R Squared Ltd purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC bought a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $34,000. Compass Group LLC purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at approximately $67,000. GeoWealth Management LLC bought a new stake in Grupo Financiero Galicia during the 4th quarter valued at $71,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after acquiring an additional 624 shares in the last quarter.

Wall Street Analyst Weigh In

GGAL has been the subject of a number of analyst reports. Itau BBA Securities assumed coverage on Grupo Financiero Galicia in a report on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 price target for the company. Wall Street Zen lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, Grupo Financiero Galicia has an average rating of "Moderate Buy" and an average target price of $61.20.

Grupo Financiero Galicia Price Performance

Shares of GGAL traded down $2.73 during mid-day trading on Wednesday, reaching $53.87. 1,983,192 shares of the stock traded hands, compared to its average volume of 1,111,068. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 7.93 and a beta of 1.79. Grupo Financiero Galicia S.A. has a 1 year low of $23.53 and a 1 year high of $74.00. The firm has a fifty day moving average price of $58.30 and a 200 day moving average price of $60.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Grupo Financiero Galicia Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.2631 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. Grupo Financiero Galicia's payout ratio is 3.83%.

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.