Driehaus Capital Management LLC Sells 326,230 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Driehaus Capital Management LLC cut its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 34.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 625,865 shares of the bank’s stock after selling 326,230 shares during the period. Driehaus Capital Management LLC owned about 0.42% of Grupo Financiero Galicia worth $19,126,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth $51,000. Headlands Technologies LLC acquired a new position in Grupo Financiero Galicia during the 1st quarter worth $67,000. Banco Santander S.A. acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth $211,000. Finally, Claro Advisors LLC acquired a new position in Grupo Financiero Galicia during the 1st quarter worth $235,000.

Grupo Financiero Galicia Price Performance

GGAL stock opened at $43.78 on Friday. The business’s fifty day moving average is $36.57 and its 200-day moving average is $32.59. Grupo Financiero Galicia S.A. has a twelve month low of $10.57 and a twelve month high of $47.70.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a $0.7248 dividend. The ex-dividend date was Monday, August 19th. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, September 4th. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a research note on Friday, August 30th.

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.