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

Stifel Financial Corp cut its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,758 shares of the bank’s stock after selling 1,427 shares during the quarter. Stifel Financial Corp’s holdings in Grupo Financiero Galicia were worth $832,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Banco Santander S.A. purchased a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at about $211,000. William Blair Investment Management LLC purchased a new position in Grupo Financiero Galicia in the second quarter worth approximately $8,573,000. INCA Investments LLC lifted its stake in Grupo Financiero Galicia by 1.8% in the third quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after acquiring an additional 24,354 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Grupo Financiero Galicia during the 2nd quarter worth approximately $582,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of Grupo Financiero Galicia in the 2nd quarter valued at approximately $453,000.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ GGAL opened at $64.87 on Wednesday. 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 has a market cap of $9.57 billion, a P/E ratio of 8.90 and a beta of 1.87. The stock has a 50 day moving average of $56.17 and a two-hundred day moving average of $42.84. Grupo Financiero Galicia S.A. has a twelve month low of $15.32 and a twelve month high of $70.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GGAL shares. Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective for the company in a research report on Friday, August 30th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 target price on the stock in a research report on Monday, December 16th. Finally, StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

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.