Invesco Ltd. reduced its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,188 shares of the bank's stock after selling 23,041 shares during the quarter. Invesco Ltd.'s holdings in Grupo Financiero Galicia were worth $2,380,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Grupo Financiero Galicia by 267.2% during the third quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank's stock worth $3,894,000 after acquiring an additional 67,312 shares during the last quarter. SMART Wealth LLC purchased a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $295,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $686,000. Deltec Asset Management LLC purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $262,000. Finally, Nkcfo LLC acquired a new position in Grupo Financiero Galicia in the fourth quarter valued at $312,000.
Grupo Financiero Galicia Trading Down 0.9 %
NASDAQ:GGAL traded down $0.53 during mid-day trading on Friday, reaching $58.16. The company's stock had a trading volume of 682,516 shares, compared to its average volume of 1,100,801. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $8.58 billion, a P/E ratio of 8.57 and a beta of 1.60. The company's fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $59.44. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00.
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.
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