Barclays PLC Sells 1,835 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Barclays PLC reduced its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 61.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,175 shares of the bank’s stock after selling 1,835 shares during the quarter. Barclays PLC’s holdings in Grupo Financiero Galicia were worth $49,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GGAL. INCA Investments LLC increased its position in shares of Grupo Financiero Galicia by 1.8% during the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock valued at $57,814,000 after acquiring an additional 24,354 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth $51,416,000. BNP Paribas Financial Markets raised its stake in shares of Grupo Financiero Galicia by 103.8% in the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after purchasing an additional 318,326 shares during the last quarter. PointState Capital LP lifted its holdings in shares of Grupo Financiero Galicia by 15.8% during the third quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after purchasing an additional 68,658 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its position in shares of Grupo Financiero Galicia by 11.2% during the third quarter. Dorsey Wright & Associates now owns 127,179 shares of the bank’s stock valued at $5,353,000 after buying an additional 12,815 shares during the last quarter.

Grupo Financiero Galicia Stock Down 1.0 %

Shares of NASDAQ:GGAL opened at $68.23 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Grupo Financiero Galicia S.A. has a 12 month low of $18.02 and a 12 month high of $74.00. The firm’s 50-day moving average is $63.63 and its 200 day moving average is $48.75.

Analyst Upgrades and Downgrades

GGAL has been the subject of a number of recent analyst reports. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price for the company in a research report on Monday, December 16th. StockNews.com downgraded shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Company Profile

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.