Global X Management Co. LLC raised its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,423 shares of the bank’s stock after buying an additional 13,102 shares during the period. Global X Management Co. LLC’s holdings in Grupo Financiero Galicia were worth $7,693,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GGAL. Morgan Stanley raised its position in shares of Grupo Financiero Galicia by 9.4% in the first quarter. Morgan Stanley now owns 3,408,348 shares of the bank’s stock valued at $129,040,000 after buying an additional 293,114 shares during the period. Eqis Capital Management Inc. raised its position in shares of Grupo Financiero Galicia by 11.4% in the first quarter. Eqis Capital Management Inc. now owns 12,631 shares of the bank’s stock valued at $478,000 after buying an additional 1,289 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Grupo Financiero Galicia during the first quarter valued at $6,108,000. Fisher Asset Management LLC raised its position in shares of Grupo Financiero Galicia by 9.8% in the first quarter. Fisher Asset Management LLC now owns 9,000 shares of the bank’s stock valued at $341,000 after buying an additional 800 shares during the period. Finally, Barings LLC purchased a new position in shares of Grupo Financiero Galicia during the first quarter valued at $954,000. 30.12% of the stock is owned by institutional investors.

Grupo Financiero Galicia S.A. (GGAL) opened at 36.74 on Friday. The stock has a 50 day moving average price of $39.61 and a 200-day moving average price of $38.60. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 13.39 and a beta of 1.31. Grupo Financiero Galicia S.A. has a 12-month low of $23.23 and a 12-month high of $47.34.

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Several equities analysts have weighed in on GGAL shares. BidaskClub lowered Grupo Financiero Galicia from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research lowered Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Monday, May 22nd. Finally, Citigroup Inc. lowered Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Wednesday, June 7th.

Grupo Financiero Galicia Company 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).

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

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