Manning & Napier Advisors LLC Purchases 24,630 Shares of Grupo Financiero Galicia S.A. (GGAL)

Manning & Napier Advisors LLC lifted its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 27.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114,125 shares of the bank’s stock after purchasing an additional 24,630 shares during the quarter. Manning & Napier Advisors LLC owned 0.09% of Grupo Financiero Galicia worth $5,881,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC lifted its position in Grupo Financiero Galicia by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after buying an additional 17 shares during the last quarter. Bank of America Corp DE lifted its position in Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after buying an additional 887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Grupo Financiero Galicia by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock worth $362,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Inc. lifted its position in Grupo Financiero Galicia by 49.5% in the third quarter. Advisor Group Inc. now owns 4,482 shares of the bank’s stock worth $231,000 after buying an additional 1,485 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Grupo Financiero Galicia in the third quarter worth $107,000. 32.29% of the stock is owned by hedge funds and other institutional investors.

Grupo Financiero Galicia S.A. (GGAL) remained flat at $$58.24 during mid-day trading on Monday. 904,263 shares of the stock traded hands, compared to its average volume of 452,090. Grupo Financiero Galicia S.A. has a 1 year low of $23.23 and a 1 year high of $59.76.

A number of brokerages recently issued reports on GGAL. Santander downgraded Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. BidaskClub upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. UBS upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold”.

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Grupo Financiero Galicia Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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

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