Banco BTG Pactual S.A. Has $6.94 Million Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Banco BTG Pactual S.A. trimmed its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,803 shares of the bank’s stock after selling 3,733 shares during the period. Grupo Financiero Galicia accounts for approximately 1.6% of Banco BTG Pactual S.A.’s holdings, making the stock its 15th largest position. Banco BTG Pactual S.A. owned about 0.07% of Grupo Financiero Galicia worth $6,935,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GGAL. Sei Investments Co. bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $15,446,000. Virtu Financial LLC grew its position in Grupo Financiero Galicia by 86.5% during the fourth quarter. Virtu Financial LLC now owns 17,331 shares of the bank’s stock worth $1,080,000 after buying an additional 8,036 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Grupo Financiero Galicia during the 4th quarter worth approximately $906,000. William Blair Investment Management LLC increased its position in shares of Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock valued at $56,152,000 after purchasing an additional 798,542 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Grupo Financiero Galicia by 11.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,102 shares of the bank’s stock valued at $380,000 after purchasing an additional 618 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Monday, December 16th. 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, Grupo Financiero Galicia currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Up 2.1 %

NASDAQ GGAL opened at $58.95 on Wednesday. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The firm has a market cap of $8.69 billion, a PE ratio of 8.68 and a beta of 1.85. 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 stock’s 50 day simple moving average is $61.35 and its 200 day simple moving average is $57.15.

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.