MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $76.21 Million Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,222,938 shares of the bank's stock after purchasing an additional 196,270 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.83% of Grupo Financiero Galicia worth $76,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC lifted its stake in Grupo Financiero Galicia by 1.2% during the fourth quarter. Townsquare Capital LLC now owns 22,975 shares of the bank's stock valued at $1,432,000 after purchasing an additional 283 shares during the last quarter. R Squared Ltd acquired a new stake in Grupo Financiero Galicia during the fourth quarter valued at approximately $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia during the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC lifted its stake in Grupo Financiero Galicia by 11.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank's stock valued at $380,000 after purchasing an additional 618 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Financiero Galicia by 41.3% during the fourth 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 during the last quarter.

Grupo Financiero Galicia Trading Up 0.4%

Shares of NASDAQ:GGAL traded up $0.23 during mid-day trading on Friday, hitting $62.02. The stock had a trading volume of 682,716 shares, compared to its average volume of 1,108,593. 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 has a market cap of $9.15 billion, a PE ratio of 9.13 and a beta of 1.79. Grupo Financiero Galicia S.A. has a 12-month low of $23.53 and a 12-month high of $74.00. The company's 50 day moving average is $57.59 and its 200-day moving average is $60.03.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Grupo Financiero Galicia has an average rating of "Moderate Buy" and a consensus price target of $59.00.

About Grupo Financiero Galicia

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.