PointState Capital LP Has $35.98 Million Stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

PointState Capital LP boosted its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,337 shares of the bank's stock after purchasing an additional 73,168 shares during the period. Grupo Financiero Galicia comprises approximately 0.7% of PointState Capital LP's investment portfolio, making the stock its 29th biggest position. PointState Capital LP owned approximately 0.39% of Grupo Financiero Galicia worth $35,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GGAL. R Squared Ltd acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $34,000. Compass Group LLC acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $67,000. GeoWealth Management LLC acquired a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $71,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Grupo Financiero Galicia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank's stock worth $136,000 after acquiring an additional 624 shares during the period.

Grupo Financiero Galicia Stock Up 1.6%

Shares of GGAL stock traded up $1.01 on Tuesday, reaching $64.71. 529,494 shares of the company were exchanged, compared to its average volume of 1,107,118. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 9.50 and a beta of 1.79. The company has a 50-day moving average of $57.71 and a 200-day moving average of $60.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00.

Analyst Ratings Changes

GGAL has been the topic of a number of recent analyst reports. StockNews.com lowered Grupo Financiero Galicia from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Itau BBA Securities began coverage on Grupo Financiero Galicia in a research note on Tuesday. They issued an "outperform" rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.

Grupo Financiero Galicia 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.