JPMorgan Chase & Co. lessened its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 44.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,358 shares of the bank's stock after selling 41,147 shares during the quarter. JPMorgan Chase & Co.'s holdings in Grupo Financiero Galicia were worth $3,201,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of GGAL. R Squared Ltd acquired a new stake in Grupo Financiero Galicia in the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after buying an additional 624 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Grupo Financiero Galicia by 78.8% in the 4th quarter. Blue Trust Inc. now owns 2,536 shares of the bank's stock worth $158,000 after acquiring an additional 1,118 shares during the period. Empowered Funds LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $167,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $216,000.
Grupo Financiero Galicia Price Performance
GGAL traded up $0.17 during trading on Friday, reaching $63.41. The stock had a trading volume of 693,526 shares, compared to its average volume of 1,105,794. The stock has a 50 day moving average of $56.75 and a two-hundred day moving average of $58.97. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 9.34 and a beta of 1.60. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year 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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