Banco BTG Pactual S.A. Sells 3,733 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Banco BTG Pactual S.A. decreased its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 100,803 shares of the bank’s stock after selling 3,733 shares during the quarter. Grupo Financiero Galicia makes up approximately 1.6% of Banco BTG Pactual S.A.’s holdings, making the stock its 15th largest holding. Banco BTG Pactual S.A.’s holdings in Grupo Financiero Galicia were worth $6,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its holdings in Grupo Financiero Galicia by 778.9% during the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock worth $56,152,000 after buying an additional 798,542 shares during the period. Fourth Sail Capital LP bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at about $27,369,000. BNP Paribas Financial Markets boosted its position in shares of Grupo Financiero Galicia by 103.8% during the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after buying an additional 318,326 shares during the period. Sei Investments Co. bought a new position in shares of Grupo Financiero Galicia during the fourth quarter worth about $15,446,000. Finally, Assenagon Asset Management S.A. raised its position in Grupo Financiero Galicia by 436.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank’s stock valued at $11,945,000 after buying an additional 155,969 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Grupo Financiero Galicia Price Performance

NASDAQ:GGAL opened at $58.95 on Wednesday. The stock’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $57.15. Grupo Financiero Galicia S.A. has a 52-week low of $23.53 and a 52-week high of $74.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $8.69 billion, a P/E ratio of 8.68 and a beta of 1.85.

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.