Lbp Am Sa Makes New $463,000 Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

LBP AM SA acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,500 shares of the bank's stock, valued at approximately $463,000.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Grupo Financiero Galicia by 9,082.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock worth $721,935,000 after buying an additional 11,366,972 shares during the period. Axiom Investors LLC DE lifted its holdings in shares of Grupo Financiero Galicia by 1,723.9% in 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 period. Canada Pension Plan Investment Board purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth $78,711,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Grupo Financiero Galicia by 19.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank's stock worth $76,213,000 after buying an additional 196,270 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Grupo Financiero Galicia by 3.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank's stock worth $65,472,000 after buying an additional 30,980 shares during the period.

Wall Street Analyst Weigh In

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

Grupo Financiero Galicia Stock Up 1.4%

Grupo Financiero Galicia stock traded up $0.67 during midday trading on Tuesday, reaching $47.46. The company's stock had a trading volume of 1,103,884 shares, compared to its average volume of 1,166,151. The stock's 50-day simple moving average is $55.94 and its 200-day simple moving average is $59.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $7.00 billion, a P/E ratio of 6.99 and a beta of 1.64. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00.

Grupo Financiero Galicia Cuts Dividend

The business also recently announced a -- dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.2631 per share. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) 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.