Insigneo Advisory Services LLC Sells 4,408 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Insigneo Advisory Services LLC reduced its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 31.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,552 shares of the bank’s stock after selling 4,408 shares during the period. Insigneo Advisory Services LLC’s holdings in Grupo Financiero Galicia were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Grupo Financiero Galicia by 1.5% during the 3rd quarter. State Street Corp now owns 84,378 shares of the bank’s stock valued at $3,551,000 after buying an additional 1,260 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $278,000. PointState Capital LP lifted its stake in shares of Grupo Financiero Galicia by 15.8% during the 3rd quarter. PointState Capital LP now owns 504,169 shares of the bank’s stock valued at $21,220,000 after buying an additional 68,658 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $1,852,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $367,000.

Grupo Financiero Galicia Price Performance

NASDAQ GGAL opened at $58.92 on Monday. Grupo Financiero Galicia S.A. has a 1 year low of $15.32 and a 1 year high of $60.58. 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 company’s 50 day simple moving average is $52.25 and its two-hundred day simple moving average is $40.58.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GGAL. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a research note on Friday, August 30th. Finally, StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.