Price T Rowe Associates Inc. MD trimmed its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,955,180 shares of the bank's stock after selling 453,996 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.33% of Grupo Financiero Galicia worth $121,848,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in GGAL. Hsbc Holdings PLC increased its holdings in shares of Grupo Financiero Galicia by 9,082.3% in the fourth quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank's stock worth $721,935,000 after purchasing an additional 11,366,972 shares during the period. Axiom Investors LLC DE grew its position in Grupo Financiero Galicia by 1,723.9% during 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in Grupo Financiero Galicia in the 4th quarter worth about $78,711,000. William Blair Investment Management LLC raised its holdings in shares of Grupo Financiero Galicia by 778.9% in the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank's stock valued at $56,152,000 after acquiring an additional 798,542 shares in the last quarter. Finally, Fourth Sail Capital LP bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at about $27,369,000.
Grupo Financiero Galicia Price Performance
Shares of GGAL stock traded down $0.53 during trading on Friday, hitting $58.16. The company had a trading volume of 682,516 shares, compared to its average volume of 1,100,801. The stock's 50-day moving average is $56.86 and its two-hundred day moving average is $59.44. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 8.57 and a beta of 1.60. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00.
Grupo Financiero Galicia Profile
(
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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