Systrade AG Decreases Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Systrade AG cut its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 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 makes up approximately 0.8% of Systrade AG's portfolio, making the stock its 11th biggest position. Systrade AG's holdings in Grupo Financiero Galicia were worth $554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC boosted its stake in Grupo Financiero Galicia by 1.2% in the fourth quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock valued at $1,432,000 after acquiring an additional 283 shares during the last quarter. R Squared Ltd bought a new position in shares of Grupo Financiero Galicia in the 4th quarter worth $27,000. CIBC Private Wealth Group LLC purchased a new stake in Grupo Financiero Galicia during the fourth quarter valued at about $34,000. Commonwealth Equity Services LLC boosted its stake in Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock worth $380,000 after buying an additional 618 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Financiero Galicia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock valued at $136,000 after purchasing an additional 624 shares in the last quarter.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock traded up $0.94 during mid-day trading on Friday, reaching $55.32. 815,487 shares of the company's stock traded hands, compared to its average volume of 1,107,785. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00. The stock has a 50 day moving average of $58.30 and a two-hundred day moving average of $60.52. The company has a market cap of $8.16 billion, a price-to-earnings 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. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.2631 per share. The ex-dividend date is Tuesday, June 3rd. Grupo Financiero Galicia's dividend payout ratio (DPR) is 3.83%.

Analyst Ratings Changes

A number of analysts have recently weighed in 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. Itau BBA Securities began coverage on shares of Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an "outperform" rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.20.

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.