Compagnie Lombard Odier SCmA purchased a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the third quarter, Holdings Channel reports. The fund purchased 12,350 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GGAL. Wasatch Advisors Inc. boosted its position in shares of Grupo Financiero Galicia by 35.0% in the third quarter. Wasatch Advisors Inc. now owns 505,040 shares of the company’s stock worth $15,712,000 after buying an additional 130,921 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Grupo Financiero Galicia by 10.8% in the third quarter. Eqis Capital Management Inc. now owns 10,386 shares of the company’s stock worth $323,000 after buying an additional 1,012 shares in the last quarter. Morgan Stanley boosted its position in shares of Grupo Financiero Galicia by 21.7% in the third quarter. Morgan Stanley now owns 3,145,022 shares of the company’s stock worth $97,841,000 after buying an additional 561,139 shares in the last quarter. Deltec Asset Management LLC boosted its position in shares of Grupo Financiero Galicia by 2.1% in the third quarter. Deltec Asset Management LLC now owns 85,769 shares of the company’s stock worth $2,668,000 after buying an additional 1,770 shares in the last quarter. Finally, Harding Loevner LP purchased a new position in shares of Grupo Financiero Galicia during the third quarter worth approximately $3,693,000. 17.70% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded up 1.38% during mid-day trading on Friday, reaching $31.55. The company had a trading volume of 475,238 shares. The stock has a market capitalization of $4.10 billion, a P/E ratio of 11.82 and a beta of 1.55. Grupo Financiero Galicia S.A. has a one year low of $22.77 and a one year high of $33.08. The firm has a 50 day moving average of $26.67 and a 200-day moving average of $29.44.

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GGAL has been the topic of a number of recent research reports. Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, November 17th. Credit Suisse Group raised Grupo Financiero Galicia from a “neutral” rating to an “outperform” rating and upped their price target for the company from $31.00 to $35.00 in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.00.

About Grupo Financiero Galicia

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).

5 Day Chart for NASDAQ:GGAL

Want to see what other hedge funds are holding GGAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Financiero Galicia S.A. (NASDAQ:GGAL).

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