Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Stake Decreased by Barclays PLC

Barclays PLC trimmed its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 61.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 reporting period.

Several other large investors have also recently added to or reduced their stakes in GGAL. Ashton Thomas Private Wealth LLC acquired a new position in shares of Grupo Financiero Galicia during the second quarter valued at $51,000. NorthRock Partners LLC acquired a new position in Grupo Financiero Galicia during the 3rd quarter valued at about $253,000. XTX Topco Ltd acquired a new position in Grupo Financiero Galicia during the 3rd quarter valued at about $266,000. Truist Financial Corp bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth about $273,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Grupo Financiero Galicia in the 3rd quarter worth approximately $278,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GGAL shares. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Morgan Stanley raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research note on Monday, December 16th. 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, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Down 1.7 %

GGAL stock opened at $71.00 on Friday. Grupo Financiero Galicia S.A. has a 12 month low of $15.32 and a 12 month high of $74.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $59.84 and a 200 day simple moving average of $45.54.

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.