William Blair Investment Management LLC Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

William Blair Investment Management LLC acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 280,521 shares of the bank’s stock, valued at approximately $8,573,000. William Blair Investment Management LLC owned about 0.19% of Grupo Financiero Galicia as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Ping Capital Management Inc. purchased a new position in Grupo Financiero Galicia during the second quarter worth about $23,611,000. BNP Paribas Financial Markets grew its holdings in shares of Grupo Financiero Galicia by 266.5% in the first quarter. BNP Paribas Financial Markets now owns 338,939 shares of the bank’s stock valued at $8,616,000 after acquiring an additional 246,452 shares in the last quarter. PEAK6 Investments LLC increased its position in shares of Grupo Financiero Galicia by 135.8% during the first quarter. PEAK6 Investments LLC now owns 64,480 shares of the bank’s stock valued at $1,639,000 after acquiring an additional 244,580 shares during the last quarter. INCA Investments LLC increased its position in shares of Grupo Financiero Galicia by 27.6% during the first quarter. INCA Investments LLC now owns 1,078,149 shares of the bank’s stock valued at $27,407,000 after acquiring an additional 232,980 shares during the last quarter. Finally, Rokos Capital Management LLP lifted its holdings in Grupo Financiero Galicia by 58.7% during the first quarter. Rokos Capital Management LLP now owns 572,752 shares of the bank’s stock worth $14,559,000 after acquiring an additional 211,870 shares during the period.

Grupo Financiero Galicia Trading Down 1.6 %

Shares of NASDAQ:GGAL opened at $44.33 on Tuesday. The company has a 50-day moving average price of $33.57 and a two-hundred day moving average price of $31.29. Grupo Financiero Galicia S.A. has a twelve month low of $10.57 and a twelve month high of $46.93.

Grupo Financiero Galicia Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were issued a $0.7248 dividend. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th.

Analyst Ratings Changes

A number of brokerages recently weighed in on GGAL. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, September 4th. StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research note on Friday, August 30th.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.