WINTON GROUP Ltd Invests $211,000 in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

WINTON GROUP Ltd bought a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the second quarter, Holdings Channel.com reports. The firm bought 5,955 shares of the bank’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GGAL. FMR LLC lifted its stake in Grupo Financiero Galicia by 6.9% in the first quarter. FMR LLC now owns 971,125 shares of the bank’s stock valued at $24,783,000 after purchasing an additional 63,062 shares during the last quarter. Deutsche Bank AG lifted its stake in Grupo Financiero Galicia by 52.3% in the fourth quarter. Deutsche Bank AG now owns 536,439 shares of the bank’s stock valued at $14,788,000 after purchasing an additional 184,124 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Grupo Financiero Galicia by 59.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 333,000 shares of the bank’s stock valued at $8,499,000 after purchasing an additional 124,000 shares during the last quarter. Consilium Investment Management LLC purchased a new position in Grupo Financiero Galicia in the first quarter valued at approximately $8,378,000. Finally, FIL Ltd lifted its stake in Grupo Financiero Galicia by 31.8% in the first quarter. FIL Ltd now owns 288,343 shares of the bank’s stock valued at $7,359,000 after purchasing an additional 69,629 shares during the last quarter. Hedge funds and other institutional investors own 25.80% of the company’s stock.

Grupo Financiero Galicia stock traded down $0.39 during trading on Friday, hitting $35.02. The stock had a trading volume of 901,423 shares, compared to its average volume of 916,187. Grupo Financiero Galicia S.A. has a 1 year low of $18.30 and a 1 year high of $39.22. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50 day moving average price is $35.50. The firm has a market cap of $5.05 billion, a PE ratio of 9.75 and a beta of 0.85.

Grupo Financiero Galicia (NASDAQ:GGAL) last issued its earnings results on Thursday, May 9th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.89. Grupo Financiero Galicia had a net margin of 20.31% and a return on equity of 31.89%. The business had revenue of $262.78 million for the quarter, compared to analysts’ expectations of $490.98 million. On average, sell-side analysts predict that Grupo Financiero Galicia S.A. will post 3.85 EPS for the current fiscal year.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, July 3rd. Credit Suisse Group upgraded Grupo Financiero Galicia from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 2nd. BidaskClub upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. downgraded Grupo Financiero Galicia from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $28.00 to $20.00 in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Grupo Financiero Galicia Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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Institutional Ownership by Quarter for Grupo Financiero Galicia (NASDAQ:GGAL)

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