Tower Research Capital LLC TRC Sells 5,465 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Tower Research Capital LLC TRC reduced its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 91.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 501 shares of the bank’s stock after selling 5,465 shares during the period. Tower Research Capital LLC TRC’s holdings in Grupo Financiero Galicia were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GGAL. Axiom Investors LLC DE boosted its stake in 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 valued at $94,786,000 after acquiring an additional 1,437,570 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth $78,711,000. Jennison Associates LLC increased its stake in Grupo Financiero Galicia by 2.2% in the 4th quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock worth $77,834,000 after acquiring an additional 27,353 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Grupo Financiero Galicia by 3.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank’s stock valued at $65,472,000 after purchasing an additional 30,980 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Grupo Financiero Galicia by 778.9% during the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock valued at $56,152,000 after buying an additional 798,542 shares in the last quarter.

Grupo Financiero Galicia Stock Down 1.5%

Shares of NASDAQ GGAL opened at $61.79 on Friday. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 9.10 and a beta of 1.79. Grupo Financiero Galicia S.A. has a 52 week low of $23.53 and a 52 week high of $74.00. 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’s fifty day moving average is $57.44 and its 200 day moving average is $59.91.

Analyst Ratings Changes

Separately, StockNews.com downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.