Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Amundi

Amundi lowered its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,640 shares of the bank’s stock after selling 11,258 shares during the period. Amundi’s holdings in Grupo Financiero Galicia were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Grupo Financiero Galicia by 267.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock valued at $3,894,000 after acquiring an additional 67,312 shares during the period. SMART Wealth LLC purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth $295,000. Verde Servicos Internacionais S.A. purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth $686,000. Deltec Asset Management LLC purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at $262,000. Finally, Nkcfo LLC acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth $312,000.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $54.81 on Wednesday. Grupo Financiero Galicia S.A. has a fifty-two week low of $23.53 and a fifty-two week high of $74.00. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 8.07 and a beta of 1.85. The stock has a fifty day moving average of $62.61 and a two-hundred day moving average of $56.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

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.