Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,494 shares of the bank’s stock after selling 263 shares during the quarter. Truist Financial Corp’s holdings in Grupo Financiero Galicia were worth $529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after buying an additional 624 shares during the last quarter. Banco Santander S.A. increased its position in Grupo Financiero Galicia by 12.6% during the third quarter. Banco Santander S.A. now owns 7,783 shares of the bank’s stock worth $328,000 after buying an additional 872 shares during the period. Blue Trust Inc. lifted its stake in Grupo Financiero Galicia by 78.8% in the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after buying an additional 1,118 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Grupo Financiero Galicia by 1.5% in the third quarter. State Street Corp now owns 84,378 shares of the bank’s stock valued at $3,551,000 after acquiring an additional 1,260 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GGAL. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a report on Monday, December 16th. StockNews.com lowered shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Trading Down 1.2 %

NASDAQ:GGAL opened at $56.56 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $64.69 and its 200-day simple moving average is $54.88. Grupo Financiero Galicia S.A. has a 12-month low of $20.98 and a 12-month high of $74.00. The firm has a market cap of $8.34 billion, a P/E ratio of 8.33 and a beta of 1.82.

Grupo Financiero Galicia 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.