Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,443 shares of the bank’s stock after acquiring an additional 1,917 shares during the period. Two Sigma Investments LP owned 0.32% of Grupo Financiero Galicia worth $29,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in Grupo Financiero Galicia by 9,082.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank’s stock worth $721,935,000 after acquiring an additional 11,366,972 shares during the last quarter. Axiom Investors LLC DE lifted its stake in Grupo Financiero Galicia by 1,723.9% in the 4th quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank’s stock worth $94,786,000 after purchasing an additional 1,437,570 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $78,711,000. Jennison Associates LLC grew its position in shares of Grupo Financiero Galicia by 2.2% in the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock valued at $77,834,000 after purchasing an additional 27,353 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Grupo Financiero Galicia by 19.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank’s stock valued at $76,213,000 after purchasing an additional 196,270 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on GGAL. Itau BBA Securities initiated coverage on Grupo Financiero Galicia in a research note on Tuesday. They set an “outperform” rating and a $70.00 price objective on the stock. StockNews.com cut 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 five have given a buy rating to the stock. Based on data from MarketBeat.com, Grupo Financiero Galicia presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

Grupo Financiero Galicia Trading Down 0.1%

Shares of GGAL stock opened at $63.62 on Wednesday. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. The company has a market capitalization of $9.38 billion, a P/E ratio of 9.37 and a beta of 1.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $57.84 and its two-hundred day moving average is $60.18.

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.