3,007 Shares in Grupo Financiero Galicia S.A. (GGAL) Purchased by Earnest Partners LLC

Earnest Partners LLC purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,007 shares of the bank’s stock, valued at approximately $198,000.

A number of other large investors have also modified their holdings of GGAL. Victory Capital Management Inc. purchased a new stake in Grupo Financiero Galicia during the third quarter worth about $107,000. Advisor Group Inc. increased its stake in Grupo Financiero Galicia by 49.5% during the third quarter. Advisor Group Inc. now owns 4,482 shares of the bank’s stock worth $231,000 after purchasing an additional 1,485 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Grupo Financiero Galicia by 26.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,740 shares of the bank’s stock worth $554,000 after purchasing an additional 2,240 shares during the period. Manning & Napier Advisors LLC increased its stake in Grupo Financiero Galicia by 27.5% during the third quarter. Manning & Napier Advisors LLC now owns 114,125 shares of the bank’s stock worth $5,881,000 after purchasing an additional 24,630 shares during the period. Finally, Renaissance Group LLC purchased a new stake in Grupo Financiero Galicia during the third quarter worth about $17,589,000. Institutional investors own 36.16% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of GGAL stock traded up $0.17 during trading hours on Friday, reaching $66.46. 146,695 shares of the stock were exchanged, compared to its average volume of 278,960. Grupo Financiero Galicia S.A. has a 12-month low of $36.09 and a 12-month high of $73.45. The firm has a market capitalization of $8,619.49, a price-to-earnings ratio of 21.17 and a beta of 1.28.

A number of analysts have issued reports on GGAL shares. Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. BidaskClub upgraded shares of Grupo Financiero Galicia from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. UBS upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Monday, March 12th. HSBC lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, Bank of America started coverage on shares of Grupo Financiero Galicia in a research note on Tuesday, January 23rd. They set a “buy” rating and a $100.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $87.00.

ILLEGAL ACTIVITY NOTICE: “3,007 Shares in Grupo Financiero Galicia S.A. (GGAL) Purchased by Earnest Partners LLC” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/3007-shares-in-grupo-financiero-galicia-s-a-ggal-acquired-by-earnest-partners-llc.html.

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)

Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply