Traders Purchase Large Volume of Grupo Financiero Galicia Put Options (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors purchased 8,416 put options on the company. This represents an increase of approximately 396% compared to the typical volume of 1,697 put options.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 target price for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL traded up $4.95 during trading hours on Friday, hitting $53.87. 2,384,049 shares of the company's stock traded hands, compared to its average volume of 1,081,849. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company's fifty day simple moving average is $56.55 and its two-hundred day simple moving average is $57.76. Grupo Financiero Galicia has a 52 week low of $23.53 and a 52 week high of $74.00. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 7.93 and a beta of 1.60.

Hedge Funds Weigh In On Grupo Financiero Galicia

A number of hedge funds have recently modified their holdings of GGAL. Hsbc Holdings PLC boosted its position in shares of 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 period. Axiom Investors LLC DE boosted its holdings in shares of Grupo Financiero Galicia by 1,723.9% in the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank's stock worth $94,786,000 after buying an additional 1,437,570 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $78,711,000. Jennison Associates LLC raised its holdings in shares of Grupo Financiero Galicia by 2.2% during the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank's stock valued at $77,834,000 after acquiring an additional 27,353 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 acquiring an additional 196,270 shares in the last quarter.

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.