Gilder Gagnon Howe & Co. LLC boosted its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,836 shares of the bank’s stock after buying an additional 17 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Grupo Financiero Galicia were worth $121,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of 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 in the last quarter. 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 worth $341,000 after buying an additional 800 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Grupo Financiero Galicia during the first quarter worth approximately $431,000. 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 worth $478,000 after buying an additional 1,289 shares in the last quarter. Finally, Parkwood LLC purchased a new position in shares of Grupo Financiero Galicia during the second quarter worth approximately $563,000. 30.12% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Financiero Galicia S.A. (GGAL) opened at 37.96 on Friday. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 12.89 and a beta of 1.31. Grupo Financiero Galicia S.A. has a one year low of $23.23 and a one year high of $47.34. The firm has a 50-day moving average price of $39.51 and a 200-day moving average price of $38.63.

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A number of brokerages have commented on GGAL. Zacks Investment Research lowered Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. lowered Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Wednesday, June 7th.

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).

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

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