Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Systrade AG

Systrade AG lessened its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,167 shares of the bank's stock after selling 4,833 shares during the period. Grupo Financiero Galicia accounts for approximately 0.8% of Systrade AG's investment portfolio, making the stock its 11th biggest position. Systrade AG's holdings in Grupo Financiero Galicia were worth $554,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in 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 valued at $721,935,000 after purchasing an additional 11,366,972 shares during the last quarter. Axiom Investors LLC DE boosted its holdings in 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 valued at $94,786,000 after purchasing an additional 1,437,570 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Grupo Financiero Galicia in the 4th quarter valued at about $78,711,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $76,213,000 after purchasing an additional 196,270 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in 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 valued at $65,472,000 after purchasing an additional 30,980 shares during the last quarter.

Analyst Ratings Changes

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

Grupo Financiero Galicia Trading Up 1.7%

Shares of GGAL stock traded up $0.94 during trading hours on Friday, hitting $55.32. The company had a trading volume of 815,487 shares, compared to its average volume of 1,110,911. The company's fifty day moving average is $58.30 and its 200 day moving average is $60.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a fifty-two week low of $23.53 and a fifty-two week high of $74.00. The stock has a market capitalization of $8.16 billion, a PE ratio of 8.15 and a beta of 1.72.

Grupo Financiero Galicia Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.2631 per share. The ex-dividend date is Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is presently 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.