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

LBP AM SA acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,500 shares of the bank's stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GGAL. EverSource Wealth Advisors LLC lifted its stake in shares of Grupo Financiero Galicia by 60,716.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,298 shares of the bank's stock valued at $455,000 after acquiring an additional 7,286 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Grupo Financiero Galicia by 11.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock valued at $380,000 after acquiring an additional 618 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after acquiring an additional 798,542 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at $906,000. Finally, Virtu Financial LLC lifted its stake in shares of Grupo Financiero Galicia by 86.5% during the fourth quarter. Virtu Financial LLC now owns 17,331 shares of the bank's stock valued at $1,080,000 after acquiring an additional 8,036 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GGAL shares. Wall Street Zen lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Itau BBA Securities assumed coverage on Grupo Financiero Galicia in a research note on Tuesday, May 20th. They issued an "outperform" rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Grupo Financiero Galicia presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.20.

Grupo Financiero Galicia Trading Down 3.3%

NASDAQ:GGAL traded down $1.61 during mid-day trading on Friday, hitting $47.10. The company had a trading volume of 1,267,588 shares, compared to its average volume of 1,164,815. Grupo Financiero Galicia S.A. has a fifty-two week low of $23.53 and a fifty-two week high of $74.00. The business's fifty day moving average is $55.94 and its two-hundred day moving average is $59.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $6.95 billion, a P/E ratio of 6.94 and a beta of 1.64.

Grupo Financiero Galicia Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.2631 per share. The ex-dividend date was Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio is currently 3.98%.

Grupo Financiero Galicia Company 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.