William Blair Investment Management LLC lessened its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,028,488 shares of the bank's stock after selling 47,776 shares during the period. William Blair Investment Management LLC owned approximately 0.70% of Grupo Financiero Galicia worth $51,838,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its position in shares of Grupo Financiero Galicia by 3.1% during the 1st quarter. Hsbc Holdings PLC now owns 11,851,835 shares of the bank's stock valued at $644,503,000 after acquiring an additional 359,708 shares during the period. PointState Capital LP grew its position in shares of Grupo Financiero Galicia by 160.5% during the 1st quarter. PointState Capital LP now owns 1,504,157 shares of the bank's stock valued at $81,931,000 after acquiring an additional 926,820 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Grupo Financiero Galicia by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,272,932 shares of the bank's stock valued at $69,337,000 after acquiring an additional 49,994 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Grupo Financiero Galicia by 112.3% during the 1st quarter. Itau Unibanco Holding S.A. now owns 469,272 shares of the bank's stock valued at $24,624,000 after acquiring an additional 248,268 shares during the period. Finally, Gemsstock Ltd. grew its position in shares of Grupo Financiero Galicia by 47.0% during the 1st quarter. Gemsstock Ltd. now owns 334,086 shares of the bank's stock valued at $18,198,000 after acquiring an additional 106,779 shares during the period.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Grupo Financiero Galicia from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Citigroup downgraded shares of Grupo Financiero Galicia from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. Wall Street Zen downgraded shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. HSBC assumed coverage on shares of Grupo Financiero Galicia in a research report on Wednesday, October 1st. They set a "buy" rating and a $60.00 price objective for the company. Finally, Hsbc Global Res raised shares of Grupo Financiero Galicia to a "strong-buy" rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Grupo Financiero Galicia presently has an average rating of "Moderate Buy" and an average price target of $74.00.
Get Our Latest Stock Analysis on Grupo Financiero Galicia
Grupo Financiero Galicia Trading Down 2.2%
Shares of Grupo Financiero Galicia stock opened at $32.49 on Friday. The company has a market capitalization of $4.79 billion, a P/E ratio of 4.78 and a beta of 1.54. 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 company has a fifty day moving average of $35.97 and a 200 day moving average of $48.30. Grupo Financiero Galicia S.A. has a fifty-two week low of $25.89 and a fifty-two week high of $74.00.
Grupo Financiero Galicia Announces Dividend
The business also recently declared a special dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were paid a $0.1381 dividend. The ex-dividend date was Tuesday, September 30th. Grupo Financiero Galicia's payout ratio is presently 10.46%.
About Grupo Financiero Galicia
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GGAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report).

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